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MBDA National Director Hinson Mets with a Group of Prominent Afro-Brazilian Entrepreneurs


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BrazilOn day three of National Director David Hinson’s five-day U.S. interagency trip to Brazil, he met with a group of prominent Afro-Brazilian entrepreneurs from Bahia, which has one of the largest Afro-Brazilian populations in the country. Dialogue between Hinson and Afro-Brazilian business owners centered on the many challenges they face. In addition to their biggest obstacle—the ability to obtain the capital financing required for their businesses to grow—they discussed a number of industries that offer the most promise for them, citing automobiles, tourism, construction, cosmetics, and mining.

One member of this group was Ms. Ana Matos, who managed to build a successful cosmetics manufacturing plant in Salvador, one of the nine municipalities in the northern region. In spite of the many obstacles and challenges common to Afro-Brazilians, Ms. Matos’s company, GenteBonita, is worth $3 million.

David Hinson is National Director of the Minority Business Development Agency. He is currently in Brazil as a member of a Federal interagency delegation on the U.S.-Brazil Joint Action Plan to Eliminate Racial Inequality.

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

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