FINANTA’s donors make a real difference in our communities by supporting critical financial programs for entrepreneurs, consumers, and first-time homebuyers.
Why Support FINANTA
FINANTA Contributes to Economic Growth
Providing capital for small business expansion is essential to economic growth. FINANTA promotes the growth and expansion of entrepreneurial activities through the infusion of capital and the provision of business technical assistance and consultation services. Since 1996, FINANTA has contributed to the creation and/or retention of over 3,800+ jobs. The small businesses we have served averaged 93% minority-owned and 45% women-owned.
FINANTA Trains and Coaches Clients
Through a gradual training and coaching process that includes access to capital, technical assistance, and financial literacy services, FINANTA supports clients by improving their financial well-being and creditworthiness. We help clients learn to navigate the traditional financial system and reduce their dependency on alternative and often costly financial services such as check cashers and predatory lenders. Since 1996, FINANTA has provided over 84,000 hours of hands-on technical assistance and training to clients.
FINANTA Offers Inclusive, Innovative Programs
FINANTA’s Affinity Group Lending program resembles an informal financial practice known around the world as Roscas, Susus, Tandas, and more. We make this practice formal and mold it to the specific needs of entrepreneurs, consumers, and homebuyers. Since 2011, FINANTA has invested $6+ million in 78 affinity groups, a total of 1,140+ loans and 124+ borrowing cycles. FINANTA’s innovative programs are offered alongside multilingual services in English, Spanish, Portuguese, Swahili, and Cambodian.
FINANTA Empowers Financially Underserved Groups
FINANTA’s clients are 93% low-income, 90% racial minority, 69% immigrant, and 43% women and face capital access barriers related to their socioeconomic status, race, gender, and/or immigration status. These barriers may include insufficient credit history among low-income clients, the systemic financial exclusion of minority and women clients, and limited-English proficiency among immigrant clients.
FINANTA Has A Positive Impact On The Community
FINANTA promotes the well-being of diverse communities by encouraging homeownership and stimulating blight reduction. We have made it possible for 347+ families to become first-time homeowners, a total investment of $9+ million spurring the asset growth of financially underserved populations.