In this story, find out how community investing enabled Carla Cabiya to overcome barriers to securing financing in order to realize her vision of opening her own business, a bilingual childcare center in Washington, USA.
Carla Cabiya wanted to open a bilingual childcare center in order to increase access to essential services for families in her community; however, as a new business, she struggled to access traditional financing to get her business up and running. With the help of Craft3, a leading CDFI in the Pacific Northwest and an investee company of GIIN Investors’ Council Member Calvert Foundation, she was able to secure financing in order to make the business a reality. Here, the impact investment generated four full-time jobs, assisted five low-income families and ultimately Cabiya’s business strengthens economic and family resilience in the community by increasing entrepreneurship, supporting economic growth and opportunity, and strengthening access to essential services.
