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Blog

  • Jan08

    Double the Loans, Double the Families Supported

    Posted on Jan 08, 2019 by Ashlyn Smith

    Over the past 25 years, Opportunity Fund has helped tens of thousands of people make basic, yet transformative, improvements to their economic well-being. In only the past two years, we’ve been able to expand our reach and double our loan volume in California as part of our strategic plan to invest $500 million in 50,000 underserved entrepreneurs and working families by 2020.

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  • Jan04

    Grant for New Partnership with Jewish Community Foundation of Los Angeles will Help Sign Off on Hundreds of Microloans

    Posted on Jan 04, 2019 by Melissa Cruz

    Opportunity Fund is excited to announce that we’ll be starting the new year supported by a generous multi-year General Community Grant from the Jewish Community Foundation of Los Angeles (The Foundation). The grant is especially significant since it is our first time collaborating with The Foundation, an institution with a rich history of working with LA individuals and organizations to generate meaningful social impact for both the Jewish community and the larger LA community. (The following includes excerpts from a press release by the Jewish Community Foundation of Los Angeles).

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  • Dec18

    Marking the End of our Savings Program

    Posted on Dec 18, 2018 by Eric Weaver

    This month of December 2018 marks the end of nearly 20 years of Opportunity Fund offering savings incentives and financial education to thousands of Bay Area residents as part of our Savings Program. We made the decision over a year ago to wind down our Savings Program after the FY 2017 Federal completely eliminated a federal program called Assets for Independence (AFI--further described below), which provided 50% of the funding for our work. AFI was a nearly 20-year-old, highly impactful program, and its $25 annual price tag was a very small drop in the Federal bucket. Thus the only Federal program that provided financial incentives to save to very low-income Americans was sacrificed to make may for tax cuts for corporations and the wealthy. We celebrate the extraordinary accomplishments of the savers, donors, partners and employees that were part of the program.

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  • Dec11

    Opportunity Fund Advocates for Extension of New Markets Tax Credit Program

    Posted on Dec 11, 2018 by Chris Huang

    Recently, Opportunity Fund staffers Gabe V. and Chris H. visited the district offices of Congressional representatives where Opportunity Fund has New Markets Tax Credit (NMTC) projects, to advocate for an extension to the NMTC program, which expires at the end of the 2019 government fiscal year. The NMTC program is an incredibly successful community economic development program run by the U.S. Department of Treasury’s CDFI Fund. Since program inception in 2000, $42 billion in private sector capital has been invested through the program into low-income urban and rural communities throughout the country. Over 1,000,000 jobs were generated through NMTC investments between 2003-2015, including 2,000 hospitals, schools, daycare centers, homeless services facilities, and other community facilities.

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  • Dec03

    What a celebration! Recap and Photos From Women’s Entrepreneurship Day 2018 and FOUND/LA Launch

    Posted on Dec 03, 2018 by Ashlyn Smith

    On November 19th, Opportunity Fund joined the Wurwand Foundation and the office of the Mayor of Los Angeles at City Hall to celebrate Women’s Entrepreneurship Day. More than 1,000 women entrepreneurs came to witness the exciting launch of FOUND/LA with us. Thank you to everyone who joined us to celebrate women entrepreneurs in Los Angeles!

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  • Dec03

    Remember to Shop on Amazon Smile, and Amazon will Donate to Opportunity Fund!

    Posted on Dec 03, 2018 by Chelsea Camp

    Don't forget, Opportunity Fund still participates in Amazon Smile! That means when you shop on Amazon Smile, Amazon will donate 0.05% of your purchase to Opportunity Fund!

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  • Dec03

    Opportunity Fund Welcomes Liz Pesch as Executive Vice President and Chief Financial Officer

    Posted on Dec 03, 2018 by Chelsea Camp

    Opportunity Fund is pleased to announce that Liz Pesch will be joining Opportunity Fund as the new Executive Vice President & Chief Financial Officer. Liz brings over 15 years of experience in the finance and banking industries. She joins Opportunity Fund’s leadership as the organization aims to scale its reach in California and across the U.S., working towards a strategic plan to invest $500 million to drive economic mobility for 50,000 underserved entrepreneurs and working families by 2020.

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  • Nov16

    Bank of America Grants Infuse Lending to Women and SoCal Entrepreneurs

    Posted on Nov 16, 2018 by Ana Melara Glenn

    We are fortunate to have long-time partner Bank of America in our corner as we strive to create a truly inclusive financial system. Recent awards of $205,000 from Bank of America will boost our ability to make responsible capital available to underserved small business owners—including women, minorities and low-income entrepreneurs—and meet our ambitious strategic plan goals. By referring these clients to Opportunity Fund—further evidence of our strong relationship—Bank of America helped us provide responsible capital to clients like Alejandra, owner of Ale’s Bissu Makeup Store in Corona, CA.

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  • Nov13

    Celebrating a Milestone of 5,000 Active Borrowers!

    Posted on Nov 13, 2018 by Alma Elizondo-Bailey

    For over 20 years Opportunity Fund has helped drive economic mobility for thousands of families by delivering affordable loans and responsible financial solutions to determined entrepreneurs and communities. Last month, we reached a new milestone—thanks to the support of our donors, partners and the work of our incredible staff, our small business portfolio reached 5,000 active borrowers. You put your money in, and we delivered it to the communities and entrepreneurs who have the talent, but not the resources, to succeed.

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  • Oct17

    Storytelling Workshop Recap: Creating Your Powerful Story to Inspire

    Posted on Oct 17, 2018 by Chelsea Camp

    On October 3, we co-hosted, along with the Wurwand Foundation, our Storytelling Workshop: Creating your powerful story to inspire. It was a great afternoon of learning, sharing, and creating authentic connections with Opportunity Fund community members who drive economic and social progress in Los Angeles. Now you can download the workshop's slides to learn how to create your own powerful story to inspire!

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