You have created that partnership with microloans, What was the motivation behind that?
There was a study that says the enterprise can only go as far as the entrepreneur. If all you know is how to make burgers, but you don’t know how to negotiate leases and do all this other stuff, then your business can only go there. If you can’t develop yourself as the entrepreneur, learn a new skill set.
The No. 2 reason is access to capital. So, not necessarily capital from the perspective of running the day-to-day operations of your business, but when you have a lack of access to capital, the businesses that you choose to go into tend to have a higher attrition rate.
Our goal is to help to build businesses that become sustainable that can then build communities. When you look at disaster situations, 40 percent of our businesses don’t return primarily because of what I just told you. We don’t know how to navigate the bank and lines of credit and negotiate leases and all these types of things.
