Bank of West Invests $75,000
to Support Micro-Entrepreneurs
JUNE 2012: Bank of the West announced that three nonprofits have received a total of $150,000 in charitable investments from the Bank of the West Charitable Foundation to support micro-entrepreneurial efforts in underserved communities.
- Mission Asset Fund of San Francisco. MAF's Lending Circle and Micro Business Loan Programs provide low-income and immigrant entrepreneurs with access to low-cost loans, helping to simultaneously build credit scores and gain access to affordable financial products. MAF received $75,000 from the Bank of the West Charitable Foundation.
- Community Financial Resource Center of Los Angeles. CFRC's Access to Capital Program provides a special loan fund to meet the equipment and licensing fees of certified vending carts. CFRC received $30,000 from the Bank of the West Charitable Foundation.
- Rocky Mountain Microfinance Institute of Denver. RMMFI's Business Launch Boot Camp 12-week intensive program brings qualifying entrepreneurs from idea to launch, through a learning, lending and coaching curriculum. RMMFI received $50,000 from the Bank of the West Charitable Foundation.
Congratulations to the Community Financial Resource Center and Rocky Mountain Microfinance Institute. Thanks to this Program Releated Investment and our partnership with Bank of the West, MAF will be able to launch its Micro Loan program for entrepreneurs for small business owners like Bruno and Jessica.
