FINANTA Invited to Present at AEO Conference

We are proud to announce that FINANTA was invited to present our FINANTA ROSCA program at the Association for Enterprise Opportunity’s (AEO) 21st Annual National Micro Business Conference. AEO’s national conference is considered to be the most comprehensive conference on micro business in the United States.

FINANTA is very excited to share the unique program design of the ROSCA program with similar organizations in hopes that the program will be expanded to other communities throughout the United States.

The FINANTA ROSCA is based on providing a micro-loan to all participants at the start of the cycle, as a strategy for delivering technical assistance, facilitating access to capital aimed at consolidating micro-enterprises, and building credit, thus paving the way toward the use of formal financial services by underserved and under-banked micro-entrepreneurs, particularly minorities and immigrants.

Since launching the program in 2011, 64 micro-entrepreneurs have participated in the FINANTA ROSCA; 81 micro-loans have been extended, ranging in size from $500 to $9,600, for a total FINANTA ROSCA investment of $272,300 since July 2011.

The conference is being held at the Omni Shoreham Hotel in Washington, DC and will take place from Monday, April 30 – Wednesday, May 2, 2012.

For more information, please visit the AEO 21st National Conference website.

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About FINANTA

FINANTA is a non‐profit lending institution whose mission is to promote the growth and economic expansion of diverse Philadelphia communities through the infusion of capital and the provision of technical assistance and business consultation services. For fifteen years FINANTA has been providing loans, technical assistance, and business consultation services. The organization is unique because it provides culturally appropriate, customer‐driven and results‐oriented services for the under‐ and unbanked population; our target market consists of low‐to‐moderate‐income individuals who either own their own businesses or are potential micro‐entrepreneurs. For more information, please contact Alyssa Ryan at AlyssaRyan@finanta.org.

About the Association for Enterprise Opportunity (AEO)

AEO is a national membership organization and voice of microenterprise development in the United States.  For nearly two decades, AEO and its hundreds of member organizations have helped more than two million entrepreneurs support themselves and their families and contribute to their communities through business ownership. AEO supports the development of strong and effective U.S. microenterprise initiatives to assist underserved entrepreneurs in starting, stabilizing, and expanding businesses. For more information about the Association for Enterprise Opportunity, visit http://www.aeoworks.org/index.php/site/