The Enterprise Development Group (EDG) promotes opportunities for self-sufficiency to low and moderate-income people through sustainable economic and community development initiatives.
Currently Viewing: 2016 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Portfolio Quality
Mean Interest Rate 8.9%
Other Financing Products
Small Business LoansNo
Leverage Package or Guarantee Loans?Yes
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Access to Market Services
Tax Preparation
Business Incubation
Individuals Served 100
Clients Served 75
Businesses Served 100
Demographics
Ethnicity
Mixed-race - 20%
African American/African-born - 20%
Latino - 24%
White/Caucasian - 30%
Asian/Pacific Islander - 5%
South Asian - 0%
Native American/Alaska Native - 1%
Other - 0%
Unknown - 0%
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HUD Low Income Standard
Below - 80%
Above - 20%
Unknown - 0%
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General Program Info
Area Types Served
Rural
Urban
State
Organization Description
Community Economic Development Organization
Geographic Area Served
Virginia
Geographic Area Served DescriptionBaltimore City, Baltimore County, Anne Arundel County, Howard County, Calvert County, St. Mary's County, Charles County, in Maryland.
Arlington, Fairfax, Springfield, Alexandria Viriginia
Staffing
# FTEs 3
Individuals Served per Full-Time Equivalent Staff 33.33
Clients Served per Full-Time Equivalent Staff 25
Budget Info
Operating Income $600,000
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