May 19, 2018

OPEN THE BORDERS, WE'LL TAKE MORE:

Immigrants to Get Lift From Business Loan Program in N.H. (Stephanie Morales, 5/18/18, The Associated Press)

Bhutan native Tika Acharya came to the U.S. nine years ago with his parents and his wife after spending 17 years in a Nepal refugee camp. The 40-year-old father graduated from college in India and has a degree in business, but he was turned down by banks when he approached them about starting a company of his own.

Acharya, who launched an independent insurance agency last year in Manchester, was the first participant to be helped by the Regional Economic Development Center, a New Hampshire nonprofit that helps first-generation immigrants achieve their American Dream of becoming business owners by providing them with microloans and technical assistance.

"In just one year, we've been able to gain close to 1,000 customers," Acharya said.

The nonprofit on Friday unveiled a statewide economic program called the New Hampshire New Americans Loan Fund, which provides small-business loans for $50,000 or less. It also brings in experts to act as advisers to the businesses during their first two to three years, helping with website design, marketing and accounting.

Posted by at May 19, 2018 6:56 PM

  

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