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Microloans are about more than the dollars. It's a chance to succeed. Opportunity Fund is California's leading microlender.
A microloan enables a small business owner to pursue their dream, support their family, and create jobs in their community. These entrepreneurs form the backbone of our economy. Most often, all they need is $5,000 to invest in their business. These tiny loan produce some big results: increased income, new jobs, and the faith that you can take charge of your own life.
Learn How it Works: Microloans
- Our donors and investors
- Help make loans to entrepreneurs
- To grow small businesses
- That hire employees
- Lives change
- Loans repaid, repeat!
California is home to more than 3.4 million small businesses - employing half of the state’s private sector workers. But 45% of small businesses fail because they are unable to get the loan they need.
Many businesses are unable to access loans from traditional financial institutions because they are too young or too small. Opportunity Fund works to expand access to financial services.
Our borrowers enter the financial mainstream with microloans that build a positive credit history and provide the working capital needed to expand operations and hire or retain employees.
Median loan size: $6,000
Total loaned: $51,768,876
Repayment rate: 92%
Woman-owned businesses: 47%
Minority-owned businesses: 87%
Average household income: $22,000
Business survival rate: 95%
Jobs created or retained per loan: 3
Economic impact: $2 for every $1 loaned
Sanctuary SalonSandraA local banker helped Sandra receive a $25,000 loan to transform her Santa Clara salon.
Arantxa FashionAnaAfter falling prey to a predatory lender, boutique owner Ana found Opportunity Fund.
Mitesh and ChetnaMitesh and ChetnaMitesh and Chetna took out a $100,000 loan to open Threads, their own salon in Dublin.
Lana and DaveOuterlands CafeLana and Dave needed affordable financing to open their restaurant, Outerlands Cafe.
Nature's Best CleanersMeghan and PeterWith the help of a $12,000 loan, Meghan and Peter made their dry cleaning business 'green'.
F&S TowingFabianImmigrant Fabian has worked hard to start his San Francisco towing company.
El Huarache LocoVeronicaVeronica's dream came true with the support of Opportunity Fund