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Our Impact


     

$47+ MILLION

Lent in the Philadelphia region and surrounding counties.

  

 

$4.5+ MILLION

in Mortgages to 48 deserving first-time homebuyers & families.

 

       

$5+ MILLION

Lent in over 800 microloans to 51 groups in 100+ borrowing cycles .

 

1,500+ JOBS

created or retained through FINANTA’s work in the region.

       

40,000+ HRS

of Technical Assistance and personalized credit building provided.

 

8 COUNTIES

served with lending and technical assistance from FINANTA.

     

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WHY IT’S IMPORTANT


 In the United States, a shocking 20% of households are financially underserved, and 7% not served at all. That’s more than 26 MILLION households and families being excluded from traditional banking.

In our region, this problem is exacerbated by a poverty rate that’s significantly higher than the national average at 25%. This rate is even greater among minorities, immigrants, and women. Without access to loans, these populations are susceptible to predatory loans to obtain the capital they need to buy a home, run a business, or purchase essential goods. 

We believe wholeheartedly in the mission of uplifting these underserved entrepreneurs, home buyers, and consumers in our community.

Our lenders are uniquely aware of the cultural, social, and language challenges many of our clients encounter, allowing us to effectively administer financial services to our target population. Because of this uniquely attentive and hands-on approach to financial counseling, we have an incredibly low 3% default rate and 1.2% loan loss, lower than the traditional banking industry average. Our programs are designed to strengthen borrower’s credit and financial capability, giving them the resources they need to receive additional loans from FINANTA or mainstream banking services. 

Contact Us

 

 

OUR CLIENTS

69% Immigrant

I was amazed by their product. They really reach out into the community and help people become self-sufficient. They pick people up and coach them until they are financially literate.

– Elhadji Ndiaye, Owner of Radio XALAAT, Immigrant from Senegal

 94% Minority

“FINANTA has been there for us 100%. Our lender has been so helpful, and the technical assistance has been essential every step of the way.”

-Santiago & Margarita Principe, Owners of Lechonera Principe, Puerto Rican restaurant

50% Women

“When other banks turned us away, [FINANTA] were the only ones who would support our vision.”

– Joan Verratti, Owner of PollyOdd Fine Liquors, and first female distiller in the united states.