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Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient. ID Ghana is an example of a microfinance institution.
The Pennsylvania Higher Education Assistance Agency is a quasi-governmental agency that administers several state-level and national higher education student financial aid programs.
Chaka Fattah is an American politician who served as a Democratic member of the U.S. House for Pennsylvania's 2nd congressional district from 1995 to 2016. The district included portions of North Philadelphia, South Philadelphia, and West Philadelphia along with Lower Merion Township in Montgomery County. He previously served in the Pennsylvania Senate and the Pennsylvania House of Representatives.
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held, meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20 percent of their lending in commercial loans—their focus on mortgage and consumer loans makes them particularly vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
Accion is an international nonprofit. Founded as a community development initiative serving the poor in Venezuela, Accion is known as a pioneer in the fields of microfinance and fintech impact investing.
The Aspen Institute is an international nonprofit organization founded in 1949 as the Aspen Institute for Humanistic Studies. The institute's stated aim is the realization of "a free, just, and equitable society" through seminars, policy programs, conferences, and leadership development initiatives. The institute is headquartered in Washington, D.C., United States, and has campuses in Aspen, Colorado, and near the shores of the Chesapeake Bay at the Wye River in Maryland. It has partner Aspen Institutes in Berlin, Rome, Madrid, Paris, Lyon, Tokyo, New Delhi, Prague, Bucharest, Mexico City, and Kyiv, as well as leadership initiatives in the United States and on the African continent, India, and Central America.
Community development bank (CDB) or Community Development Financial Institution (CDFI) is a development bank or credit union that focus on serving people who have been locked out of the traditional financial systems such as the unbanked or underbanked in deprived local communities. They emphasize the long term development of communities and provide loans such as micro-finance or venture capital.
The Gloria Wise Boys and Girls Clubs was a non-profit organization serving the community of the Bronx, in New York City. The Air America – Gloria Wise loan controversy concerned a loan from the Gloria Wise Boys and Girls Clubs given to radio station Air America. The legality of the loan was investigated for several reasons, including the Boys and Girls Club being a charity organization and a conflict of interest as Evan Cohen was at the time chairman of both entities.
A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the USA but also in the UK. A CDFI may be a community development bank, a community development credit union (CDCU), a community development loan fund (CDLF), a community development venture capital fund (CDVC), a microenterprise development loan fund, or a community development corporation.
The John S. and James L. Knight Foundation, also known as the Knight Foundation, is an American non-profit foundation that provides grants for journalism, communities, and the arts.
Ashland Community and Technical College (ACTC) is a public community college in Ashland, Kentucky. It is an open-admissions college and part of the Kentucky Community and Technical College System. It was founded in 1938 to allow students the opportunity to obtain associate degrees, certificates and diplomas as well as provide vocational and technical training. The courses offered range from Cosmetology, Culinary Arts, business, education, health-related courses, information technology and a range of industrial technology degrees among others.
Kiva is a 501(c)(3) non-profit organization headquartered in San Francisco, California, that claims to allow people to lend money via the Internet to low-income entrepreneurs and students in 77 countries. Kiva's mission is "to expand financial access to help underserved communities thrive." They have been accused of deceptive business practices, misleading donors into believing their funds would be used for specific individuals and misrepresenting other aspects of their operations.
Google.org, founded in October 2005, is the charitable arm of Google, a multinational technology company. The organization has committed roughly US$100 million in investments and grants to nonprofits annually.
The Greater Seattle Business Association(GSBA) is an LGBTQ+ chamber of commerce based in Seattle, Washington. The majority of the organization's membership are small businesses located throughout the Puget Sound area. The association's stated mission is "to combine business development, leadership and social action to expand economic opportunities for the lesbian, gay, bisexual, transgender, and queer community and those who support equality for all."
The Hebrew Free Loan Society of Greater Philadelphia (HFLGP) provides interest-free loans to members of the Philadelphia Jewish community in need. Founded in 1984 as the Hebrew Free Loan Society at Beth Sholom and housed at Beth Sholom Congregation, by 2006, over $2 million in loans had been granted from its revolving fund. HFLGP is a member of the International Association of Hebrew Free Loans.
There are numerous elementary, secondary, and higher institutions of learning in the Commonwealth of Pennsylvania, which is home to 500 public school districts, thousands of private schools, many publicly funded colleges and universities, and over 100 private institutions of higher education.
The Delaware Valley Legacy Fund (DVLF) is a community foundation whose mission is to support the needs of the lesbian, gay, bisexual, and transgender (LGBT) and straight-allied communities in Eastern Pennsylvania, Delaware, and New Jersey. It is engaged in building a permanent endowment and philanthropic apparatus to serve the fundraising and grant making. DVLF was founded in 1993 and is based in Center City, Philadelphia, Pennsylvania.
Pennsylvania Department of Community and Economic Development is a cabinet-level state agency in Pennsylvania. The mission of the department is to enhance investment opportunities for businesses and to improve the quality of life for residents. The department works to attract outside corporations, spur expansion of existing local employers, and foster start-ups by providing tax incentives and technical assistance. Additionally, the agency provides grant funding to community groups and local governments for projects such as revitalizing "Main Street" infrastructure, enhancing low income housing availability, or improving access to technology.
Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial co-operative headquartered in Vancouver, British Columbia, Canada. By asset size, Vancity is the largest community credit union in Canada as of 2019, with CA$28.2 billion in assets plus assets under administration, 60 branches and more than 543,000 members.
HOPE International is a Christian faith-based nonprofit organization based in Lancaster, Pennsylvania. HOPE International now operates in 16 underserved countries and has assisted over 2.5 million people with small loans and savings services since it began operations in 1997.
References
- ↑ http://blog.pennlive.com/business/2008/08/community_first_fund_semifinal.html, Business with the Patriot - News, Community First Fund semifinalist in national competition, Friday, August 08, 2008, DAN MILLER, Retrieved January 21, 2011.
