Microloans help somali startups
Overcoming barriers to entry: Microgrants help Somali Sambusa maker, other food startups scale up The Market Entry Fund helps entrepreneurs get a leg up in the packaged food industry. This year’s grant recipients included a Taiwanese sausage maker and a cookie maker. by Alfonzo Galvan “Hoyo” is the Somali word for mother. When sisters Mariam, Halima and Asha Mohamed launched Hoyo in 2015, their goal was to employ Somali women making a much-loved Somali snack: the deep-fried, beef-filled pastries known as sambusas. Since that time, Hoyo has grown into a local food success story, serving 200,000 sambusas a year at schools across Minnesota. Hoyo sambusas are also sold in co-ops and supermarkets. The business is one of 12 local food producers that recently received microgrants from The Market Entry Fund (TMEF), a St. Paul nonprofit that works with food and beverage producers from underrepresented communities. TMEF’s Micro-Grants Program provides $5,000 to $20,000 grants to food startups. The goal is to help small businesses overcome barriers in the packaged food industry. This year’s recipients included a range of food producers, including Taiwanese sausage maker Linko Food and Junita’s Jar, which sells cookies at Target. “The only reason that we are still here and survived is really the support…