i was just thrilled getting this microloan. it was essential. the refrigeration you see here was paid for with that. there is a killer of an in the back. the beer dispenser. a lot of equipment that is necessary to provide what we provide here was paid for with that microloan. i was dancing in the streets after you guys call me. [laughter] i did not know what to do with myself. i am just really grateful for this opportunity. i cannot say enough. it is serial -- surreal. thank you. [applause] >> is the key is available -- oh, i'm sorry, we are cutting the ribbon -- is the cheese available? [laughter] >> oh, we have some more scissors. >> there we go. >> here are some more scissors. mayor lee: on the count of three, two, one. [applause] >> we are open. [applause]

microloan. agnes helped, and i was baffled by the kindness and generosity, working with both of you through the process. it was a lovely process. i was like, "i'm asking for a loan, and it is so wonderful and nice." i was grateful for the opportunity even to present to the loan committee. my expectations were pretty low, given my other conversations with banks, and people at large being like, "good luck getting money from, you know, anyone." i was just thrilled getting this microloan. it was essential. the refrigeration you see here was paid for with that. there is a killer of an in the back. the beer dispenser. a lot of equipment that is necessary to provide what we provide here was paid for with that microloan. i was dancing in the streets after you guys call me. [laughter] i did not know what to do with myself. i am just really grateful for this opportunity. i cannot say enough. it is serial -- surreal. thank you. [applause] >> is the key is available -- oh, i'm sorry, we are cutting the ribb

says, just to give you a sense, and i will let eric talk about the microlending side, but we have a microloan program to deal with the early stage client looking for a small loan under $50,000, down to, really, $10,000. for those businesses that are not viable in any real way but have a great idea, have some abilities to show that they have a good plan and really need to be able to get some early stage financing. that is kind of a non- traditional source of capital that exists out there. the main sba programs are guaranteed loan programs, and we act essentially as a guarantor, insuring the bank that if you make a loan to a small business, the business is not able to pay the loan, the sba will pay the bank a share of that long, typically 75% or 80%. a bank like wells fargo, for example, which is the largest sba lender in the country. when the lender makes the loan to you, they come to us and say that your business, for a variety of reasons, may not be strong enough to get a loan without a guarantee. it might be a business that is too young or is a type of business -- say, restaurants -- that a

microloans are very popular, but what you are explaining is that opportunity international gives evene of a safety net than just a loan. >> yes, exactly. they provide the training programs, which instruct the women, mainly women, 85% of the 2 million people that opportunity has impacted, 85% of those are women, and they will be able to educate their children. >> and these loans can start as small as $10 and go up to any amount that you want to donate? >> with the banking on mother's day, the actual gift card can start as $10, and the loans to the other -- to the women in the emerging markets, their very small loans. >> right. but they make a big difference, especially in third world countries, where that money goes far. >> yes, they do. >> you are a mother of three young children, how do you involve them in opportunity international to inspire them? >> well, this summer, we are actually taking our three young children to the philippines, and we're going to see how opportunity directly impacts women in the lives -- in their lives, over in the emerging markets. so we hope to be able to