Mastercard: Translating Success: How to Equip Hispanic Entrepreneurs for Growth - Seite 3

That's why SUMA Wealth offers tools and educational resources to help entrepreneurs manage their money wisely - including a primer on company-sponsored retirement savings plans it's dubbed "401 Qué?" The group addresses issues that are often more common in Hispanic cultures, such as providing for an extended family while also saving for retirement. "In my community, we tend to be responsible in a larger degree to supporting our older family members," Acevedo says. "That can be a strain."

Retirement often feels out of reach to entrepreneurs who are the first in their families to launch business ventures. Carlos Garcia, founder and CEO of Finhabits, believes that working with financial advisors who act as fiduciaries - and know the Spanish language and culture - can help. "Finhabits evolved from the need to have a trusted advisor in the community," Garcia says, "and part of that trust is built by speaking their language and simplifying financial concepts."

The dedicated Hispanic Digital Doors platform is part of a larger Mastercard Digital Doors program expansion that includes new partnerships with Avibra, One Degree Marketing's Elevation Academy, GoDaddy, Nextdoor and SAP Concur to provide additional resources that help small businesses promote, manage and digitize their businesses.

A little bit of support goes a long way. Zamora opened his second Sushi Kong location this past November and has plans for further expansion - growth that's bound to reverberate throughout his community.

"Helping one small business owner helps entire communities in terms of employment and the broader neighborhood ecosystem," Quintero says. "Each business may be small, but it makes a big impact on quality of life and sense of community. It's a ripple effect."

Originally published by Mastercard

Follow along Mastercard's journey to connect and power an inclusive, digital economy that benefits everyone, everywhere.

View additional multimedia and more ESG storytelling from The Mastercard Center for Inclusive Growth on 3blmedia.com.

Contact Info:
Spokesperson: The Mastercard Center for Inclusive Growth
Website: https://www.3blmedia.com/profiles/mastercard-center-inclusive-growth
Email: [e-mail]

SOURCE: The Mastercard Center for Inclusive Growth

View the original press release on accesswire.com


The Mastercard Registered (A) Stock at the time of publication of the news with a raise of +0,32 % to 442EUR on Tradegate stock exchange (27. März 2024, 14:16 Uhr).

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