Rahama Wright has been in business for 15 years, but the experienced entrepreneur could never have foreseen the impacts of a pandemic coming her way.
“It has been an up and down rollercoaster,” Wright told ABC News. The owner of Shea Yeleen, a social impact business that sells shea butter products made by women in rural west African villages, Wright says one of the lowest points was being unable to secure a Paycheck Protection Program loan from the government’s coronavirus emergency response.
Wright applied in early April, but by the end of the month, she said she had received no response.
“I was very disillusioned. I felt I would not have an opportunity to access any funding because I had not heard back.” Wright laid off her five employees and began to consider shuttering her store in Washington, D.C.