Opportunity Fund

Amount: 
$70,000
Year: 
2018
Field of Interest: 
Social Enterprise & Entrepreneurship
Program Name: 
Los Angeles Small Business Impact Fund
Grant Type: 
General Community
Organization Description: 

Founded in 1994, Opportunity Fund (OF) is a nonprofit financial institution that advances the economic well-being of working people by helping them earn, save, and invest in the future. As California and the nation's largest nonprofit micro lender to small businesses, OF offers a unique blend of microfinance products and services to help residents of underserved communities work toward economic stability. OF also invests in high impact real estate projects, including health and educational centers, and other nonprofit facilities. OF has grown from a local, multi-bank consortium to become a nationally-recognized and respected nonprofit lender—the nation’s largest nonprofit lender with a loan portfolio under management that tops $125 million.

Grant Purpose: 

Los Angeles Small Business Impact Fund provides access to affordable, responsible credit through microloans, helping low-income entrepreneurs grow their business, increase their income, support jobs for themselves and their employees, and generate economic activity in their communities.