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Jealine Rivera-Montalvo, owner of Hipster Lover in Mayagüez, received a $5,000 grant from FirstBank Puerto Rico and the Federal Home Loan Bank of New York to support the growth of her small business.
In-Brief
FirstBank, FHLBNY back 10 women entrepreneurs in PR
NIMB Staff October 21, 2025

The alliance provided $50,000 in grants to help women-led small businesses in Mayagüez expand operations and create jobs. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Thrift is definitely trending as a sector. We’re grateful for that because we use the proceeds from the goods sold in our stores to invest in programs that help people and communities.

 

Puerto Rico is a new market for us, with one store open and several others on the way, and the reception has been awesome.”

 

— Kent Kramer, CEO, Goodwill de Puerto Rico

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