• Oct19

    Bank of America Supports Opportunity Fund with $275,000 in New Grants

    Posted on Oct 19, 2017 by

    Opportunity Fund relies on long-standing institutional partners to support our microfinance programs especially in the present climate where government funding is uncertain or stalled. Opportunity Fund is grateful for Bank of America’s continued partnership, which includes new grants totaling $275,000 that will support the talent and technology we need to expand our reach to underserved small business owners and originate more than 2,500 new loans in this fiscal year.

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  • Oct18

    California Expansion Update: Opportunity Fund is on the ground in the Central Valley!

    Posted on Oct 18, 2017 by

    Opportunity Fund welcomes our first loan officer in the Central Valley, Jessica Manzo based in Fresno! As part of our current strategic plan to invest $500 million in 50,000 underserved entrepreneurs, students, and working families by 2020, Opportunity Fund is expanding our reach throughout California. Opportunity Fund started in the Bay Area in 1994, expanded to Los Angeles in 2010, and this past year, has placed loan officers in San Diego, Sacramento, and now Fresno.

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  • Oct06

    Shedding Light on Small Business Lending

    Posted on Oct 06, 2017 by Gwendy Donaker Brown

    Opportunity Fund is a big supporter of the work that the Consumer Financial Protection Bureau (CFPB) is doing on behalf of American consumers. We take a particular interest in their work in the area of small business lending data collection to shed light on predatory and discriminatory practices. Last month we formally weighed in on their Request for Information regarding how best to gather information from lenders who serve small business owners, with a particular focus on minority and woman business owners.

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  • Oct06 donates $600,000 to support small businesses in Santa Clara County

    Posted on Oct 06, 2017 by

    This grant will help 150 small business owners in Santa Clara County access the funding and business advice they need to grow their businesses, create jobs, and support the local economy.

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  • Sep29

    Help nominate Opportunity Fund to win $70,000 from Starfish Impact’s #SupportingOurSector contest!

    Posted on Sep 29, 2017 by

    Opportunity Fund is participating in #SupportingOurSector for the chance to win $70,000 from Starfish Impact. Starfish Impact is dedicated to bolstering the social sector by supporting non-profits and other social enterprises.

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  • Sep28

    Meet Treatbot, the Karaoke Ice Cream Truck

    Posted on Sep 28, 2017 by

    Meet Treatbot, a karaoke ice cream truck that will serve you a scoop of horchata or mango ice cream and a microphone to sing your favorite tune to whoever is listening.

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  • 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

    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

    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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