Chase, Southwest Solutions launch zero-interest loan program for Detroit residents

Bringing Lending Circles to Detroit is the next step in Chase’s $100 million commitment to Detroit’s economic recovery. The bank recently awarded Mission Asset Fund, a San Francisco-based nonprofit that helps low-income and immigrant families gain access to mainstream financial services, a $1.5 million, three-year grant to expand Lending Circles to more communities across the country. Janua ...

Southwest Solutions, JPMorgan Chase and Mission Asset Fund Launch Peer Lending Circles to Boost Credit Scores of Detroit Residents

Southwest Solutions, JPMorgan Chase & Co. and Mission Asset Fund (MAF) today announced the launch of Lending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans. ... MAF’s award-winning Lending Circles are a fresh take on social lending, helping participants build credit while increasing assets and improving financial heal ...

America in Black and White: Economic Opportunity

Access to affordable credit is vital. How else can you borrow money to buy a car to drive to work? Or put down a deposit to rent a home? But multiple studies have shown that getting credit is harder when you are black. One showed black applicants are asked to provide more information, and asked tougher questions, while secret recordings showed bank staff were nicer to the white applicants – ...

Spotlight Webcast: José Quiñonez, CEO, Mission Asset Fund

José Quiñonez, author of one of the book’s essays and CEO of the San Francisco-based Mission Asset Fund, sat down with Spotlight’s Jodie Levin-Epstein to discuss: the Mission Asset Fund’s strategies; the impact of the program; and how the Mission Asset Fund is expanding its reach to more communities. By Jodie Levin-Epstein January 5, 2016 READ MORE ...