With a completed and refined business plan, participants in the Grow My Business (GMB) can more readily seek capital and funding opportunities. EWI has partnerships with several micro-lending organizations including the following:
ECDC-EDG and its Enterprise Development Group began as a project of the Ethiopian Community Development Council (ECDC)–a non-profit agency whose specialty is to help resettle refugees and immigrants to the United States, which later became a separate non-profit. EDG’s staff provides financial resources and support services to individuals, families, and small businesses in the D.C. metro area.
Latino Economic Develop Center (LEDC) envisions all residents having the awareness and equitable access to resources in order to create economic opportunity by building financial assets and becoming actively engaged in their communities.
Kiva Zip had piloted innovations in person-to-person lending. Launched by Kiva, it is a bold new direction that enables individuals to make direct loans to entrepreneurs in the United States and Kenya. EWI is a trustee of Kiva Zip. Trustees are responsible for identifying borrowers that would be a good match for Kiva Zip loans – assessing the character and creditworthiness of borrowers and if these check out, trustees can publicly endorse them on the Kiva Zip website, and provide ongoing support over the course of their loans.
Hilltop MicroFinance Initiative aims to empower individuals by promoting financial independence and stimulating economic growth in and around D.C. We achieve these goals by providing small business loans, personalized business consulting, and credit-builder loans to low-income entrepreneurs who are unable to access capital in the formal financial system.