As part of our mission at Soap Hope, we invest 100% of our profits into programs that support and empower women around the world. One of those programs is PeopleFund, which was founded here in Texas in 1994.
The state of Texas has long been lauded as one of the best states to start a small business. With low taxes, low cost of living, and a high job growth rate, it’s an ideal environment for entrepreneurs to thrive.
But the resources that might be available to Texans aren’t always accessible to everyone who want to start a business.
Enter PeopleFund, a microlending program and business assistance nonprofit that provides small business loans to those with limited access to resources.
The PeopleFund Mission
Since being founded in 1994 in Austin, Texas, the financial and educational assistance PeopleFund provides “has helped create thousands of jobs and empowered an even greater number of Texans on a path to financial stability and independence.”
PeopleFund not only issues small business loans to the underserved, but also offers business education and a host of workshops and programs to support the entrepreneurs that are participating.
According to their mission, the goal of PeopleFund ” is to give people the opportunity to turn their talents into a sustainable livelihood and achieve ﬁnancial stability for themselves and their families.”
Andrea Thomas is a savvy and resourceful business owner, here in Dallas, Texas. Her background as an architect — full of long hours and high demand — was preparation for an even more intense vocation: being a mother.
Andrea is a devoted parent, and when her daughter developed eczema, she knew she had to do something about it — and that’s how ScratchMeNots was born.
ScratchMeNots are designed to be worn as a cardigan, and were originally created to prevent children from scratching themselves. The clothing is also made from certified organic cotton and bamboo, for kiddos with sensitive skin.
When Andrea realized she needed capital to help grow her business, she turned to PeopleFund.
The financing that Andrea received allowed her to not only invest in more inventory, but she was able to respond her immediate customer demand, so that ScratchMeNots could meet its projected goals.
“PeopleFund has helped us gift parents with peace and their children with relief,” says Andrea.
And we’re thrilled here at Soap Hope to work with PeopleFund so that we can tackle widespread issues and continue empowering women — at home and abroad.
To learn more about PeopleFund, visit their website.