Community Ventures strengthens communities by helping people achieve their dreams of greater economic opportunity.
Why
To build strong communities, people need ties that bind them to their neighborhoods and hope for a better future. Regardless of race, income, or social status, we all need someone to believe in us and our dreams.
We are dedicated to improving the quality of life for individuals who lack access to opportunities. Home and business owners are at the heart of strong communities, so Community Ventures empowers individuals to achieve those dreams.
What
Community Ventures helps people own homes and start businesses because we believe in people’s dreams. From affordable financing to education, to neighborhood revitalization, our areas of focus offer the opportunity to dramatically improve the quality of life for people across Kentucky.
Founded in 1982, Community Ventures has evolved in capacity and knowledge, but our mission has stayed the same—to strengthen our communities by empowering individuals. We are focused on the areas of greatest need, where we can make the most impact. This is why we offer a range of products and services from financial counseling to large scale neighborhood revitalization.
Vibrant communities start with people, so Community Ventures gives our clients knowledge and skills they can use for the rest of their lives, and even pass down to later generations.
Currently Viewing: 2015 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 82
Value of Microloans Disbursed $663,152
Value of Microloans Outstanding $1,246,336
Portfolio Quality
Mean Interest Rate 6.88%
Total Portfolio at Risk 11.55%
Loan Loss Rate 2.12%
Loans Past Due
30 to 60 $86,221
61 to 90 $27,800
91 to 120 $11,393
More than 120 $18,516
Other Financing Products
Small Business LoansNo
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Financial Literacy
Credit Counseling
Business Incubation
Business Development Training
Number Receiving Training 47
Number Receiving TA 75
Individuals Served 336
Clients Served 306
Businesses Served 319
Demographics
Gender
Women - 44.12%
Men - 55.88%
Other - 0%
Unknown - 0%
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Ethnicity
Mixed-race - 3.59%
African American/African-born - 29.08%
Latino - 8.5%
White/Caucasian - 51.63%
Asian/Pacific Islander - 2.29%
South Asian - 0%
Native American/Alaska Native - 0.65%
Other - 4.25%
Unknown - 0%
>
Business Status
Business Status
Operating - 36.6%
Not Operating - 62.42%
Unknown - 0.98%
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General Program Info
Area Types Served
Rural
Urban
Organization Description
Community Economic Development Organization
Geographic Area Served
Kentucky
Staffing
# FTEs 8
Individuals Served per Full-Time Equivalent Staff 42
Clients Served per Full-Time Equivalent Staff 38.25
Budget Info
Operating Income $4,894,105
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