SOUTH-CENTRAL : Six Receive Low-Interest Loans to Reopen Businesses

Six people who have reopened small businesses that were damaged or destroyed in the 1992 riots were awarded a total of $32,000 in low-interest loans at a pre-Christmas ceremony outside Mary’s Beauty Salon in South-Central Los Angeles on Thursday.

The loans, granted by the Los Angeles Women’s Entrepreneurial Fund, are aimed at expanding the inventories and upgrading the equipment of the inner-city businesses owned by women. The businesses range from gift shops to coin laundries.

The fund, founded by New York-based securities broker Muriel Sibert in the wake of the riots, has given out 23 loans totaling $175,000.