Blog

Blog

  • Jan22

    Real estate lending transitions

    Posted on Jan 22, 2013 by Eric Weaver

    Opportunity Fund’s leadership and Board of Directors recently made the strategic decision to wind down our affordable housing loan program. This decision came out of a series of planning and visioning sessions over the past year that set out to examine and define Opportunity Fund’s long-term vision. The transition reflects both the changing landscape for affordable housing financing and Opportunity…

    Comments (0)
  • Aug05

    Big money to fund big dreams

    Posted on Aug 05, 2012 by

    Today, Opportunity Fund was awarded a grant of $1.45 million dollars! This grant comes from the CDFI Fund at the U.S. Treasury Department and supports our core operations. It is the largest grant any CDFI received in this latest round of funding, a testament to our track-record over the last many years. This is a very competitive grant, and, clearly, one of great significance to Opportunity Fund and…

    Comments (0)
  • Aug01

    MyMoneyAppUp Challenge - Mobile technology innovations to expand financial capability in the U.S.

    Posted on Aug 01, 2012 by

    The U.S. Department of the Treasury, along with our friends at the Center for Financial Services Innovation and the D2D Fund, have launched a very cool new competition -MyMoneyAppUp Challenge - in order to help Americans gain the tools and information they need to be smarter financial consumers. The Challenge seeks new ideas from the public for mobile applications to empower Americans to shape their…

    Comments (1)
  • Jul10

    CEO Eric Weaver addresses Clinton Global Initiative

    Posted on Jul 10, 2012 by

    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…

    Comments (0)
  • Jun06

    Microfinance: Powered by the People

    Posted on Jun 06, 2011 by

    Microfinance isn't really new. It isn't about a new technology, or a new way of doing things. It's about doing things the old-fashioned way: built on personal relationships.

    Comments (0)
  • Jan10

    When Credit Markets Froze, This Microlender Remained Open for Business

    Posted on Jan 10, 2011 by

    During the credit crunch, Opportunity Fund increased our lending to the Bay Area's small businesses by 56%, doing nearly $1 million more in new loans in FY2010 than we did in FY2007. So our lending went up by 56% while major bank lending to small businesses went down by 77%.

    Comments (0)
rss

Blog Archives