• Sep22

    New Report on Opportunity Fund-LendingClub Partnership Released Today

    Posted on Sep 22, 2017 by Jenna Boyer

    Today, Opportunity Fund releases a new report "Building Technology for Cross-Sector Collaboration: A Case Study of Fintech-CDFI Partnership Success" about the recently launched partnership between Opportunity Fund and LendingClub. This report explores the Opportunity Fund-LendingClub partnership’s rationale, history, and performance between June 2015 and May 2017. Our goal is to provide CDFIs, funders, policy makers, and other interested parties a closer look at how one mission-based lender designed, launched, and expanded a cross-sector partnership.

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  • Sep08

    Dreams Dashed - Ending DACA is wrong. [Updated- DACA renewal resources]

    Posted on Sep 08, 2017 by Eric Weaver

    On September 5th, Attorney General Jeff Sessions rescinded Deferred Action for Childhood Arrivals (DACA), with no assurances that Congress would act to renew or reform it within the 6 month wind-down period. DACA participants - Dreamers - are back in limbo, after accepting a risky bargain that was offered to them in good faith. We simply cannot let this stand. In addition to the moral issue, there is also a strong economic argument for preserving DACA, and you may want to read up on it. But that is not the argument I’m making. This is a moral issue, and the Administration is wrong to take this action.

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  • Sep07

    Calling All Small Business Owners: Sign Here to Support Transparency in Small Business Lending

    Posted on Sep 07, 2017 by Gabriel Villarreal

    The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. Recently, the CFPB released a request for information on its forthcoming initiative to collect from lenders data on small business lending trends and practices. This data collection is important. As it currently stands, there is no national data set on small business lending practices. This means that is it difficult to both identify and address any gaps in small business financing or discrimination within the industry, particularly as it applies to women- and minority-owned small businesses.

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  • Aug31

    Southern California Regional Board Welcomes Kirsten Ludwig as New Member

    Posted on Aug 31, 2017 by Jacqueline Heinrich

    Opportunity Fund is pleased to welcome Kirsten Ludwig as the newest member of its Southern California Reginal Board. “We are excited to have Kirsten Ludwig join the Southern California Regional Board,” said Iosefa Alofaituli, Southern California Regional Director. “Kirsten’s experience in brand strategy will not only bolster our work in Southern California, but also our significant growth throughout California and beyond, as we work towards our strategic plan of investing $500,000,000 in 50,000 people by 2020.”

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  • Aug21

    Opportunity Fund Welcomes Luz Urrutia as its New CEO!

    Posted on Aug 21, 2017 by Greg Avis

    Luz Urrutia to lead the organization in delivering the money and advice that drives economic mobility.

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  • Aug07

    Community Impact Advisory Board Welcomes Two New Members

    Posted on Aug 07, 2017 by Jacqueline Heinrich

    Opportunity Fund is pleased to welcome Tina Ferguson-Riffe and Paulina Gonzalez to our Community Impact Advisory Board. “We are excited to welcome Paulina and Tina as new members of our Community Impact Advisory Board,” said Eric Weaver, CEO and Founder. “Both Tina and Paulina have worked hard to better their communities in meaningful ways, and they offer different perspectives to Opportunity Fund’s work.”

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  • Aug01

    Cheers to our Impact in Fiscal Year 2017!

    Posted on Aug 01, 2017 by Eric Weaver

    June 30th marked the end of an exciting Fiscal Year 2017. With your help, Opportunity Fund invested over $66 million in loans and savings incentives and directly served more than 5,800 working families! We provided 2,188 loans to entrepreneurs, opened 502 savings accounts, and made investments in community real estate that will serve thousands.

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  • Jul30

    Difficult News about our College Savers Program

    Posted on Jul 30, 2017 by Eric Weaver

    To our surprise and dismay, we recently learned that the budget agreement that was reached by Congress to keep the government running through September zeroed out all funding for the Assets for Independence program, or AFI. For many years, AFI has supplied critical funding for our College Savers program by providing $1 of the $2 match for every $1 our clients save each month.

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  • Jul21

    Opportunity Fund Spotlight: Make Your Summer #OpportunityFunded

    Posted on Jul 21, 2017 by Jacqueline Heinrich

    Summer is a great time to get outside, try new things, and go new places. Why not make your summer #OpportunityFunded? By patronizing #OpportunityFunded businesses, you can discover new experiences right in your own community!

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  • Jul06

    Opportunity Fund Leadership Update

    Posted on Jul 06, 2017 by Eric Weaver

    Thank you to our outgoing Board Chair Susan Harper Greene and Board Members Yolanda and Steve for their hard work and commitment to our organization. And welcome new Chair Greg Avis!

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