Rosa’s Story: A Journey is Nonlinear

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Rosa came to El Centro de la Raza looking for an opportunity to open her food business when she learned of the Business Opportunity Center (BOC). After learning more about the BOC, Rosa realized the exciting possibility of becoming her own boss. However, she first needed to improve her credit score in order to apply for a loan.

The BOC Coordinator referred Rosa to our Financial Empowerment program to begin financial counseling. Rosa went through the program and learned, in her native language, the importance of reviewing expending habits and how to pull her credit report. She left with a plan to pay down her debt aggressively and was referred to Mercy Corp’s Northwest IDA Grant Program to apply for a loan. After undergoing the extensive application process, Rosa received word that she was eligible to take out a $5,000 loan. She used that money towards obtaining a food cart.

She is grateful for programs at El Centro de la Raza, such as Financial Empowerment. She said, “Having these services helps our community further understand the importance of budgeting, a credit score, and money management.”

To learn more about the Business Opportunity Center, including getting on the waiting list, please contact Liliana via email at lparedes@elcentrodelaraza.org or by phone at 206-957-4636.