Opportunity Fund CEO Eric Weaver was invited by President Clinton to share our success at the Clinton Global Initiative (CGI) America, a convening dedicated to helping America's economy and creating jobs. On Friday morning during the plenary session, Eric announced:
"Opportunity Fund is successfully expanding microlending in California. Over the past year, we provided $7.5 million in loans to 850 small business owners, exceeding the commitment we made and the goals we set on this same stage last year. These loans have helped California's entrepreneurs to keep and create 2,125 jobs. Our microlending increased by 90% statewide in the last 12 months, well ahead of our goal to achieve 60% growth. With your help, we have exciting plans for sustained growth in the coming year."
-Eric Weaver, CEO, Opportunity Fund
Eric was joined on stage by Natasha Case, CEO and Co-founder of Cool Haus ice cream. Cool Haus received a microloan from Opportunity Fund last year to help the business expand nationally. Now, Cool Haus has 10 ice cream tucks and 55 employees in 5 U.S. cities.
"The loan from Opportunity Fund was relatively small. But it was the catalyst at a key moment in our growth, allowing us to move our start-up to the multi-million dollar company it is today!" -Natasha Case, CEO, Cool Haus
Watch video recording of Eric and Natasha featured on stage at CGI America.
(Fast forward to 5:55 mark during "Sustainable Finance" plenary session.)
Opportunity Fund is now California's largest nonprofit microlender and we are the fastest growing in the nation. Thank you for your support to help us finance more small businesses than ever. We are committed to our vision that all business owners in California have access to fair and empowering credit in order to expand their enterprise, create jobs and build the foundation of our economy.
The Opportunity Fund Team
Entrepreneurs like Natasha inspire our work every day. By supporting Opportunity Fund you can help small businesses create jobs and contribute to the local economy.
Your gift to Opportunity Fund translates into real change:
• For every $1 you donate, $2 in loan capital can be deployed to local small businesses.
• And that same dollar spurs $5 in economic activity in communities that need it most.