Our goal is to serve 500 clients in the area of business development or enhancement, and personal finance management of income derived from a personal business venture or employment. Money management is a vital key to economic development a personal self-reliance for individuals and their families.
By promoting this program where participants can benefit from a micro-enterprise peer-lending program that provides graduated loans from $500 to $5,000, comprehensive business management training, and networking opportunities for self-employed and secondary income entrepreneurs of limited means.
Available to micro-enterprises/small businesses in operation for at least one full operating year with IRS Tax Returns, seeking loans from $5,000 to $50,000.
Structured technical assistance training that offers one-on-one counseling, on site or through classroom training in both English and Spanish to help entrepreneurs gain more insight to establishing a new business, preparing for a loan and developing business plans.
We would make these programs available to all of the Los Angeles area, and depending on the willingness of people to learn more about business management on their own and going to thier offices to expand or deliver programs in a more customized and convenient way.
Through this neighborhood delivery system, it affords clients programs to specific sub-groups of business owners by integrating them with existing programs offered by other non profit partners, and by building on the existing capacity of these organizations to gather people together.
After the 1992 civil unrest, foundations were forced to acknowledge their limited effectiveness at re-addressing the problems faced by low-income communities. Uncoordinated funding had resulted in isolated nonprofit efforts, minimal cooperation across groups, and a failure to tackle large issues in a systematic manner. This program addresses these issues through non-profit partnerships to enhance wealth creation for low-income individuals. By stabilizing the financial needs, this program can provide an inroad for greater self-suffieicency.
Recognizing the differing needs within one geographic community is key to efficiently and effectively helping a neighborhood. This partnership will carefully target and channel investments to people and other organizations with established reputations for neighborhood change.