• Mar17

    More Bang for Your Federal Dollars: The CDFI Fund - - - TAKE ACTION TODAY!

    Posted on Mar 17, 2017 by Caitlin McShane

    Over 20 years ago, the US Treasury Department created the Community Development Financial Institution (CDFI) Fund to support mission-based lenders investing in low-income communities. Over the past two decades, the CDFI Fund has helped make tremendous impacts in communities in nearly every corner of the country: In FY2016 alone, CDFIs invested over $3.6 billion in low-income communities, financing 11,000 small businesses as well as over 33,000 affordable housing units.

    Right now, for the first time it its history, the CDFI Fund is in danger of being de-funded. Help keep funding for small businesses in your community – contact your member of Congress today and tell them to prioritize funding for the CDFI Fund. If you are an organization, please also sign onto this letter – the deadline is Monday, March 20th.

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  • Mar06

    Opportunity Fund's Impact - 2016 recap and looking ahead

    Posted on Mar 06, 2017 by Alma Elizondo-Bailey

    We just wrapped up our third, and final, Impact Meeting a few days ago. These gatherings—which we held in San Francisco, Palo Alto, and Los Angeles—bring together our community of supporters, partners, staff, and clients for an update on the impact we achieved together in 2016. I really enjoyed these opportunities to share my reflections about the past year. It was gratifying to see so many friends and supporters in each location!

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  • Mar06

    Opportunity Fund Sponsors SB 551 (Hueso) Capital Access Loan Program for Small Business

    Posted on Mar 06, 2017 by Gabriel Villarreal

    Opportunity Fund is proud to sponsor Senate Bill 551 authored by Senator Ben Hueso. This bill would help make several key changes to the functioning of the California Capital Access Program (CalCAP) - a program that many of California’s small business lenders such as Opportunity Fund use as an insurance pool to enable us to make loans to underserved businesses.

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  • Feb27

    Why We Need the CFPB

    Posted on Feb 27, 2017 by Gabriel Villarreal

    Welcome to Opportunity Fund’s new blog series on the Consumer Financial Protections Bureau (CFPB). The CFPB is a federal agency that acts as a buffer for consumers against financial fraud and abuse. It has come under heavy scrutiny in recent months. Opportunity Fund recognizes that many of our clients and stakeholders benefit from the protections that the CFPB provides. This blog will follow developments concerning the future of the Bureau and what impact those changes may have for the communities we serve.

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  • Feb15

    Opportunity Fund Spotlight: Fredrick W. Lee - Leading through Philanthropy

    Posted on Feb 15, 2017 by Monica Castro

    The impulse to give back is embedded in us all. The word “philanthropy” is a combination of two ancient greek words: philos (love) and anthropos (humanity). This translates to “the love of humanity.” Philanthropy has come to mean giving, but this act of kindness is due to an act of love and desire to help others.

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  • Feb10

    Opportunity Fund's 2017 Valentine's Day Gift Guide ♥

    Posted on Feb 10, 2017 by Jacqueline Heinrich

    Share your love for supporting local businesses! This Valentine's Day, find the perfect gift for your valentine while supporting an #OpportunityFunded business. Check out our Valentine's Day Gift Guide for some #OpportunityFunded ideas.

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  • Feb08

    URGENT: Immigrants enrich us. #immigrantswelcome

    Posted on Feb 08, 2017 by Eric Weaver

    Every day, I see firsthand how immigrant entrepreneurs drive economic activity and opportunity for themselves, their families, their neighbors, and for all of us. Their individual efforts add up to huge impact.

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  • Jan26

    Small Business Lending Impact Study: Preliminary Results Released!

    Posted on Jan 26, 2017 by Jenna Boyer

    We are pleased to share a new report with preliminary findings from a multi-year evaluation of our small business and microlending work! For more than 20 years, mission-based lenders Accion and Opportunity Fund have worked alongside small business owners to provide pathways to success.

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  • Jan24

    2016 Annual Report Available Online: Celebrate 4,812 Lives Changed Last Year!

    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.

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  • Jan20

    When Should Fintechs Be Able to Become Banks?

    Posted on Jan 20, 2017 by Gwendy Donaker Brown & Gabriel Villarreal

    Earlier this month, Opportunity Fund responded to the Office of the Comptroller of the Currency’s (OCC) request for comments on their proposal to offer a national special purpose charter to non-bank institutions. This initiative comes in light of the rapidly expanding field of online technology finance lenders (fintechs for short). We see the potential for online lending to increase affordable access to capital and spread fair and transparent financial practices in the small business lending field. Therefore, Opportunity Fund supports the development of a special purpose non-bank charter as long as all new chartered entities meet certain high standards around consumer protection, data transparency and financial inclusion.

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