Jan24
Posted on Jan 24, 2017 by Eric Weaver
In this time of uncertainty and transition, your generous support has enabled Opportunity Fund to continue to advance the economic well-being of working people by helping them earn, save and invest in their future. I'm happy to report that our clients and our community of supporters grew stronger in 2016.
Together, we invested $61,699,986 in the dreams of 4,812 Californian families —more than in any other year in our history. Last year, Jorge expanded his Peruvian restaurant in Los Angeles, and Fernanda graduated from UC Davis, thanks to your support! And we continue to be a financially sound and strong organization.
As we grow, our community of supporters grows with us—thank you for believing in our vision.
As we celebrate our impact in 2016, we're also gearing up to quadruple our investments by 2020! Guided by a new Strategic Plan, Opportunity Fund plans to invest $500 million to drive economic mobility for 20,000 underserved entrepreneurs, students, and working families by 2020. As we scale our reach, Opportunity Fund will launch new technology platforms platforms that will enable us to deepen our impact in California while beginning to offer loans to underserved business owners nationwide.
As we move into this next phase of our growth, Opportunity Fund will hire a new Chief Executive Officer to lead the organization in delivering the money and advice that will transform 20,000 lives. As we launch the search, and after it is complete, I will remain very active as a member of Opportunity Fund’s leadership.
I'm looking forward to the road ahead! Thank you for your support—we can't do it without you!
Sincerely,
Eric Weaver
Founder & CEO
P.S. We will be reviewing our 2016 impact, sharing our new Strategic Plan, and discussing these leadership changes at Impact Meetings that will take place in person in February, and I invite you to join us there.
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We created opportunities
Opportunity Fund provided 2,211 loans to talented entrepreneurs to help them pursue their dreams, support their families and create jobs in their communities. Learn more.
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We opened doors
For 341 people like Fernanda to have access to a college education or to save for an emergency fund. Learn more.
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We said thank you...500 times
Thank you to our community of donors, supporters, clients and staff. We couldn't drive economic mobility without your support. Thanks to you, we can help close the gap between dreams and achievements at an unprecedented scale. Learn more.
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We sought deeper knowledge
Last year, Opportunity Fund and Accion launched a first-of-its-kind study to gain new understandings of the impact a loan has on small businesses across America. Here are our preliminary insights from this multi-year, longitudinal study, which is made possible by generous lead funding from W.K. Kellogg Foundation and JPMorgan Chase Foundation, with additional support from S&P Global.
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