Stanford Social Innovation Review Profiles Collaborative CDFI Microlending Model in New Mexico


Foundation: Albuquerque Community Foundation, Kellogg Foundation

credit: disabilityaids

Nusenda Credit Union, a credit union based in New Mexico, is partnering with W.K. Kellogg Foundation, the Albuquerque Community Foundation; the McCune Charitable Foundation; and local, community-based organizations through City Alive to create an alternative financial system that supports marginalized and underrepresented local communities.

The alternative financial system, called Co-op Capital, is a community-based microlending program that transforms the traditional lending model that provides loans through member organizations.

In the Stanford Social Innovation Review, the Co-op Capital microlending program helps to provide underserved communities the access to the capital they need.

The microlending program also helps build creditworthiness, making "equitable, culturally adept lending possible by bringing community organizations directly into the process." Read the Entire Article


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World Bank Awards $1.4 M Grants to 12 Social Enterprises in Northeastern States


World Bank Awards $1.4 M Grants to 12 Social Enterprises in Northeastern States

The World Bank’s Development Marketplace, a competitive grants program, has provided $1.4 million grants to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities and capacity building investments.




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