1055 Wilshire Boulevard, Suite 900BAddress 2Los AngelesCA90017
2002
We offer a wide variety of programs and services where today’s aspiring entrepreneur or budding business owner can start, grow or strengthen their business as well as connect to one another and to other resources that will illuminate the path to success.
Currently Viewing: 2014 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Individual Development Accounts (IDAs)
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceNo
Microfinancing Volume
Number of Microloans Disbursed 43
Value of Microloans Disbursed $389,000
Value of Microloans Outstanding $252,116
Portfolio Quality
Mean Interest Rate 7.45%
Total Portfolio at Risk 27.91%
Loan Loss Rate 21.59%
Loans Past Due
30 to 60 $9,578
61 to 90 $0
91 to 120 $0
More than 120 $60,786
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $250,000
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
Tax Preparation
Business Development Training
Number Receiving Training 393
Number Receiving TA 514
Individuals Served 2,191
Clients Served 624
Businesses Served 198
Demographics
Gender
Women - 57.37%
Men - 42.63%
Other - 0%
Unknown - 0%
>
Ethnicity
Mixed-race - 2.88%
African American/African-born - 23.24%
Latino - 22.12%
White/Caucasian - 19.07%
Asian/Pacific Islander - 29.17%
South Asian - 0.96%
Native American/Alaska Native - 0.64%
Other - 1.92%
Unknown - 0%
>
Business Status
Business Status
Operating - 56.73%
Not Operating - 43.27%
Unknown - 0%
>
General Program Info
Area Types Served
Urban
Member Associations
California Association for Microenterprise Opportunity, CA
Organization Description
Community Economic Development Organization
Lending Organization
Geographic Area Served
California
Geographic Area Served Description90001-93591
Other Locations
111000 Valley Blvd., ste 208Address 2El MonteCA91731
Staffing
# FTEs 7
Individuals Served per Full-Time Equivalent Staff 313
Clients Served per Full-Time Equivalent Staff 89.14
Budget Info
Operating Income $814,000
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