Lafayette Neighborhoods' Economic Development Corp. (LNEDC )
PO Box 4655LafayetteLA70502-4655
LNEDC will use a CDBG revolving loan fund to make loans to small and minority owned business. These loans will not only assist in encouraging economic growth, but will create and / or retain low and moderate -income jobs in Lafayette Parish (County).
Currently Viewing: 2016 Reporting Data
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceNo
Microfinancing Volume
Number of Microloans Disbursed 4
Value of Microloans Disbursed $135,000
Value of Microloans Outstanding $600,074
Portfolio Quality
Mean Interest Rate 7%
Total Portfolio at Risk 28.82%
Loans Past Due
30 to 60 $40,147.23
61 to 90 $0
91 to 120 $0
More than 120 $132,778.55
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $60,000
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Technical Assistance (one-on-one assistance)
Business Development Training
Number Receiving TA 4
Individuals Served 20
Clients Served 4
Businesses Served 4
Demographics
Gender
Women - 50%
Men - 50%
Other - 0%
Unknown - 0%
>
Ethnicity
Mixed-race - 0%
African American/African-born - 75%
Latino - 0%
White/Caucasian - 25%
Asian/Pacific Islander - 0%
South Asian - 0%
Native American/Alaska Native - 0%
Other - 0%
Unknown - 0%
>
Business Status
Business Status
Operating - 75%
Not Operating - 25%
Unknown - 0%
>
General Program Info
Area Types Served
Rural
Urban
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
Louisiana
Geographic Area Served DescriptionLafayette Parish (County) Louisiana
Staffing
# FTEs 1
Individuals Served per Full-Time Equivalent Staff 20
Clients Served per Full-Time Equivalent Staff 4
Budget Info
Operating Income $39,986
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