In this Issue
Microenterprise and Credit
Frank Discussions
Innovation: Credit Enhancement Loans
Did you know?
Tool: Microenterprise and Credit
Resources
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Dear colleague, This summer CBA focused significant energy on how we can better support microenterprise development organizations. We partnered with the Aspen Institute to publish a new Funder Guide and to expand the reach of the 2009 Microenterprise Field-Wide Survey. Congratulations to CBA member World Relief for completing the survey early and winning a $50 prepaid card from CBA! CBA is offering prizes in 2 more drawings of MDOs that complete the survey in October. Complete the survey today! CBA is also working with SBA, SMAs and regional programs to expand access to our Credit is a Business Asset training. Let us know if you can partner with us to bring a regional training to your area. Winter workshops are in the works for Vermont, New York City metropolitan area, and the Pacific Northwest.
Meanwhile our CBA Reporter and Access products continue to help a growing number of MDOs further their mission. As always, we look forward to seeing you at upcoming events: Opportunity Finance Conference in Charlotte, CFED Innovation Summit in DC, and RAISE Texas Action Summit in Dallas. If you’re at the event, please say "Hi!" Best, Vikki Frank, Executive Director |
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| CDFI Fund awards $4.5 million to 7 CBA members to expand their microenterprise lending! | |||||||
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CBA congratulates the following members:
Did you know CDFI FA and TA awards can support costs of pulling credit reports and reporting through CBA? Email CBA to learn more. |
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| Resources | |||||||
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Why Report Data
Tips to Build Credit |
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CBA is excited to announce three new initiatives, in partnership with the Aspen Institute’s Economic Opportunity Program, to provide new resources and information for microenterprise and asset building organizations to expand the impact of credit building activities:
FIELD Funder Guide: Microenterprise Programs as Credit Builders highlights the work of microenterprise development organizations' (MDOs) building credit histories for entrepreneurs and their businesses. This guide was created by CBA and FIELD to respond to questions posed by members of the Microenterprise Funders Group. We think you'll find it a useful tool to expand your credit building activities and have language to communicate with national and local supporters to expand resources for this critical work. Read the FIELD Funder Guide
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Microenterprise Field-Wide Survey
CBA is partnering with the Aspen Institute and AEO to encourage all MDOs to complete a survey and be counted! The comprehensive survey of the U.S. microenterprise field will give us all an up-to-date portrait of microenterprise development activities in the US. If you offer microenterprise services, please complete the survey today! |
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Asset Platform.org is a new resource for nonprofit practitioners offering financial education, coaching and asset development services in low-income communities. CBA is working with the Aspen Institute to ensure that Credit Building as Asset Building and Access to Credit is a prominent feature of AssetPlatform.org. Log in and see what other asset building resources may be helpful to your work!
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The Small Business Access to Capital Act of 2009 has been introduced in the Senate to enhance the SBA Microloan Program. See CFED’s Action Alert and take action before this week's vote! |
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Microenterprise and Credit
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| Credit scoring has transformed the way traditional lenders interact with their small business customers. In some cases, scoring has increased the willingness of for-profit lenders to make small business loans previously believed to be unprofitable. In other cases, credit scoring has made it more difficult for entrepreneurs with no or poor credit histories to access business capital. Read more |
| CBA at Upcoming Events |
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SPEAKING ENGAGEMENTS
Virginia Microenterprise Network Conference
CDFI Loan Funds and Consumer Lending
Design Challenge: Creating Business Models to Deliver Products & Services to the Underbanked TRAINING WORKSHOPS: Credit Builder Training
RAISE Texas Action Summit INTRODUCTORY WEBINARS: Credit is an Asset
Iowa Department of Economic Development California Association for Micro Enterprise Opportunity (CAMEO) • Nov. 18, 2009 Want to know how to get training for your organization? Click here |
Credit Builders Alliance
202-730-9390
info@creditbuildersalliance.org
www.creditbuildersalliance.org