Prosperity Project’s mission is to help refugees, immigrants and low-income Sacramento area residents increase their assets through microenterprise development and improved financial capability. We achieve this through microenterprise technical assistance and training, business microloans and programs that provide skills and support for those wishing to take control of their personal finances.
Currently Viewing: 2016 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Microgrants
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 73
Value of Microloans Disbursed $433,660
Value of Microloans Outstanding $530,490
Portfolio Quality
Mean Interest Rate 8.25%
Total Portfolio at Risk 4.38%
Loan Loss Rate 0.47%
Loans Past Due
30 to 60 $2,500
61 to 90 $0
91 to 120 $9,370
More than 120 $11,370
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
Coaching/Mentoring
Financial Literacy
Credit Counseling
Access to Market Services
Business Development Training
Number Receiving Training 2
Number Receiving TA 73
Individuals Served 73
Clients Served 41
Businesses Served 73
General Program Info
Area Types Served
Rural
Urban
Member Associations
California Association for Microenterprise Opportunity, CA
Organization Description
Lending Organization
Geographic Area Served
California
Geographic Area Served DescriptionSacramento county, Yolo county, El Dorado county, Placer county.
Staffing
# FTEs 3
Individuals Served per Full-Time Equivalent Staff 24.33
Clients Served per Full-Time Equivalent Staff 13.67
Budget Info
Operating Income $250,000
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