AFFINITY GROUP LENDING  

Are you part of a lending circle (known as roscas, susus, tandas and more) and want to formally borrow?

The product, called PRECAPS, or PRE-CAPital, provides loans, credit building, and technical assistance to lending circles or affinity groups and their members, who have similar financial needs, and desire to establish and increment credit. This product is tailored to the needs of entrepreneurs, consumers, and first-time homebuyer buyers.

APPLY TODAY

 

 

 

 

 

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“I am part of PRECAPS for Entrepreneurs and It’s done wonders to my credit and business expansion! I am now interested in theFINANTA first-time homebuyers program.”
Cheryl Ingram, lace-it-up dance studio.

 

 

Program Benefits:


$1,200 to $25,000 Credit Building Loans
Infuse your business with capital, help build credit to buy a home, or use the funds to purchase essential goods.
No Minimum Credit Score Required
FINANTA can help you establish credit if you do not already have, and improve credit in need of repair.
Financial Capacity Building
Borrow more with each loan cycle as you increase and sustain credit scores and financial skills.
Entrepreneurial & Financial Skill Building Workshops
Learn the basics of personal finance, bookkeeping, marketing, and credit scores from certified experts.
Networking & Referalls
Network with peers and get referred to additional resources to help you business, family, or personal capacity grow.

 

THE PRECAPS CYCLE

1. Form a Group
2. Build a Credit Action Plan
3. Receive a Loan 
4. Build Financial Skills
5. Complete Loan Repayment
6. Additional Cycles and Larger Loans

 

HOW IT WORKS

 

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PROGRAM IMPACT


97% Minority

Our borrowers are as diverse as the Philadelphia region

 

800 Microloans

 TO  HUNDREDS OF BORROWERS

 

$5+ Million

LENT IN THE PHILADELPHIA REGION

50% Women

We are proud to support female entrepreneurs 

 

51 Groups

FROM COMMUNITIES ALL OVER OUR REGION

 

100+ Borrowing Cycles

SINCE BEGINING IN 2011