The mission of WORC is to promote social and economic self-sufficiency primarily for economically disadvantaged women and their families. WORC provides entrepreneurial training, individual business assistance, incentive savings programs, and access to business and financial resources. WORC empowers its constituents through various self-help strategies including savings, a self-employment network, and access to its local and national affiliations. Additionally, WORC encourages community awareness and responsiveness concerning issues impacting economic equity and independence.
Currently Viewing: 2014 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Individual Development Accounts (IDAs)
Lending Types
Group/Peer Lending
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 44
Value of Microloans Disbursed $305,162
Value of Microloans Outstanding $513,616
Portfolio Quality
Mean Interest Rate 7.25%
Total Portfolio at Risk 25%
Loan Loss Rate 4.88%
Loans Past Due
30 to 60 $11,366
61 to 90 $71,463
91 to 120 $576
More than 120 $44,988
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
Tax Preparation
Business Incubation
Technology Services
Business Development Training
Number Receiving Training 96
Individuals Served 212
Clients Served 105
Businesses Served 69
Demographics
Gender
Women - 63.81%
Men - 36.19%
Other - 0%
Unknown - 0%
>
Ethnicity
Mixed-race - 0.95%
African American/African-born - 60%
Latino - 2.86%
White/Caucasian - 3.81%
Asian/Pacific Islander - 5.71%
South Asian - 0.95%
Native American/Alaska Native - 0%
Other - 0%
Unknown - 25.71%
>
HUD Low Income Standard
Below - 91.43%
Above - 8.57%
Unknown - 0%
>
Business Status
Business Status
Operating - 53.33%
Not Operating - 32.38%
Unknown - 14.29%
>
General Program Info
Area Types Served
Urban
MultiState
Member Associations
Pennsylvania Microenterprise Coalition, PA
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
Pennsylvania
Geographic Area Served DescriptionPhiladelphia County, PA
Bucks County, PA
Delaware County, PA
Montgomery County, PA
Chester County, PA
New Castle County, DE
Camden County, NJ
Staffing
# FTEs 3
Individuals Served per Full-Time Equivalent Staff 70.67
Clients Served per Full-Time Equivalent Staff 35
Budget Info
Operating Income $611,000
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