Working Solutions is a Community Development Financial Institution whose mission is to provide microentrepreneurs with access to the capital and business consulting they need to start or grow a successful business. We prioritize serving low-income, women and minority business owners. We support microenterprise growth as a strategy to strengthen the local economy, create jobs, and build strong communities.
Working Solutions provides small business loans (microloans) from $5,000 up to $50,000, five years of post-loan business coaching and advising, and referrals to small business resources.
Currently Viewing: 2017 Reporting Data
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 123
Value of Microloans Disbursed $3,774,594
Value of Microloans Outstanding $6,318,787
Portfolio Quality
Mean Interest Rate 9%
Total Portfolio at Risk 2.41%
Loan Loss Rate 2.14%
Loans Past Due
30 to 60 $69,157.14
61 to 90 $6,257.77
91 to 120 $32,823.41
More than 120 $43,863.99
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
Technology Services
Business Development Training
Number Receiving Training 33
Number Receiving TA 156
Individuals Served 2,694
Clients Served 492
Businesses Served 386
Demographics
Gender
Women - 52.03%
Men - 47.97%
Other - 0%
Unknown - 0%
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Ethnicity
Mixed-race - 0.61%
African American/African-born - 12.6%
Latino - 13.01%
White/Caucasian - 43.9%
Asian/Pacific Islander - 12.2%
South Asian - 0%
Native American/Alaska Native - 0.61%
Other - 4.88%
Unknown - 12.2%
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HUD Low Income Standard
Below - 62.8%
Above - 37.2%
Unknown - 0%
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Business Status
Business Status
Operating - 54.07%
Not Operating - 45.93%
Unknown - 0%
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General Program Info
Area Types Served
Rural
Urban
Member Associations
California Association for Microenterprise Opportunity, CA
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
California
Geographic Area Served DescriptionSan Francisco Bay Area, specifically the following counties: San Francisco, San Mateo, Santa Clara, Marin, Sonoma, Napa, Alameda, Contra Costa, and Solano.
Staffing
# FTEs 14
Individuals Served per Full-Time Equivalent Staff 192.43
Clients Served per Full-Time Equivalent Staff 35.14
Budget Info
Operating Income $3,753,249
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