CDFI Connect Community Discussions

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Updated: 1 min 24 sec ago

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Wed, 2019-10-02 13:07
From : Communities>>Open Forum
Hey Jeffrey! We do plan on recording (for note taking purposes only) but unsure yet if the call will be released. We want to promote open discussion and while I know having calls publicly released can sometimes stifle that.  It will depend on the discussions and how sensitive they get - I don't expect anything extremely unusual in that area, but if people had particular pain points regarding research that they may not want publicly released then I do want to have those discussions. So I guess - stay [More]

RE: Looking for registration-only scholarship for OFN conference

Wed, 2019-10-02 12:39
From : Communities>>Open Forum
@Sarah Greenberg  It was so very thoughtful and kind for you to reach out.  I echo  @Vicky Stein 's comments on the CWN community thread - for me this is just further evidence that:  ​​ Most people are kind and thoughtful; That often it just takes an "ask" to receive; Many who are blessed are willing to share those blessings with others! I love this community and am so thankful that my path allowed me to connect with yours.  Thanks for making a great day even better with such an uplifting tidbit! [More]

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Wed, 2019-10-02 12:14
From : Communities>>Open Forum
Thank you all for pulling this forum together! I hope to be on the call today.  Some of the research questions we've had here at Meda, but haven't been able to answer, are What are the frameworks for tracking progress of minority entrepreneurs? We know how to track certain things, like revenue growth, employment, retained earnings, etc., but what about other aspects of entrepreneurship? How do we track progress toward management expertise? How do we track that they are gaining knowledge that they [More]

RE: Loan Accounting / Servicing Software - Recommendations?

Wed, 2019-10-02 11:36
From : Communities>>Open Forum
Hello Caprice,  We are a small Native CDFI in SW Washington State. Since we started distributing small business loans, we decided to go with DownHome as well.  The TA service is excellent, very responsive and like you stated they have their prices available to you. DownHome is very user friendly and is cloud based as well.  I highly recommend DH;  Good luck with your NCDFI program and hope to see you with all the other NCDFI's in DC for OFN.  Diana Pickernell Loan Officer Chehalis Tribal Loan Fund [More]

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Wed, 2019-10-02 10:19
From : Communities>>Open Forum
Hi Lance. I look forward to hearing about this discussion; will it somehow be recorded?  I'm attend a session in rural Virginia where Lisa Mensah is presenting, so that conflicts with this CDFI Research Discussion. ------------------------------ Jeffrey Mosley Principal Jeffrey Mosley Community Development Consulting, LLC ------------------------------

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Tue, 2019-10-01 16:44
From : Communities>>Open Forum
Catherine thanks for sharing your responses - we will plan to include those when we make the notes for the call! Look forward to having you on future calls as your schedule allows. Everyone, we've had a final technical glitch so instead of the registration link we'll just being using a normal call in number. Please update your calendars to call in to  1-877-273-4202, enter conference number 581-840-625.  Thank you! ------------------------------ Jamie McCall Vice President, Policy and Research Carolina [More]

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Tue, 2019-10-01 12:56
From : Communities>>Open Forum
Thank you Jamie for leading the effort. It would be great to hear what colleagues have been thinking/doing in the research space! ------------------------------ Yuliya Tarasava COO CNote ------------------------------

RE: Loan Accounting / Servicing Software - Recommendations?

Tue, 2019-10-01 12:42
From : Communities>>Open Forum
Hello @Lissette Paukert ! Sorry for the delayed response....Ultimately we chose DownHome for servicing and stuck with LaserPro from documentation (primarily for the up-to-date legal language).  As you would expect, there are pros/cons​ to each option.  Sadly, I did not fully complete my spreadsheet due to time constraints and, for us, DownHome quickly became the front-runner.  They do integrate well with a variety of software platforms (not LaserPro), but entering the loan information (even from [More]

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Tue, 2019-10-01 08:20
From : Communities>>Open Forum
So sorry - just learned of a meeting that I must attend tomorrow that conflicts with this kick-off.  I am very enthusiastic about this collaboration, so sharing my initial responses to the prompts in the agenda. Hope that's helpful.  Also, does anybody here want to get together for an early coffee on Tues 10/22 at OFN? Following (in italics) are my thoughts on the prompts: - Introducing  ...  other call participants (where do you work, what is your role, what sort of research do you do or what sort [More]

Key Person Insurance

Mon, 2019-09-30 12:55
From : Communities>>Open Forum
Increasingly, we find ourselves making loans to one-person non-profits or non-profits whose strength is their charismatic leadership of their founder (even as they have grown to a few employees). I keep wondering if we should be requiring key person insurance for these loans. Does anyone require this insurance?  Any insights or thoughts on processes for this would be greatly appreciated. ------------------------------ Eileen Neely Director of Lending Housing Assistance Council Washington DC 202-869-23-93 [More]

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Mon, 2019-09-30 07:32
From : Communities>>Open Forum
Thanks Catherine and Jamie.  This is sure to be an interesting discussion.  CDFI Connect users, please note that registration is open to anyone via the following link:  https://attendee.gotowebinar.com/register/4081230333955743757 .  Affiliation with an OFN member CDFI is not required to participate. ------------------------------ Lance Loethen Vice President, Research Opportunity Finance Network Philadelphia PA (215) 320-4343 ------------------------------

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Fri, 2019-09-27 14:06
From : Communities>>Open Forum
Thanks for pulling this together, Jamie. I am attending and v. interested in meeting with peers and colleagues doing similar work. Catherine ------------------------------ Catherine Dun Rappaport Vice President, Learning and Impact Measurement BlueHub Capital Boston MA (617) 427-3587 ------------------------------

RE: CDFI Research Working Group Call on 10/2 at 2PM EST -

Fri, 2019-09-27 10:14
From : Communities>>Open Forum
We appear to have had a technical glitch with the registration link - thanks to everyone who emailed me to let me know. The link has now been updated in the original post. Please use the new link ( https://attendee.gotowebinar.com/register/4081230333955743757 ) to register for the call. If you were able to register using the previously posted link, please register again using the newer one (sorry for having to make you register twice!). ------------------------------ Jamie McCall Vice President, [More]

Now Streaming! The Secrets to Obtaining CDFI Fund Certification!

Thu, 2019-09-26 18:33
From : Communities>>Open Forum
Dear Colleagues - now streaming on a computer near you, The Secrets to CDFI Fund Certification!   Designed for emerging CDFIs and economic development lenders that interested in learning about the power of certification and how it can increase sustainability and impact. Enjoy!  ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

Consumer vs Commercial Lending

Thu, 2019-09-26 09:23
From : Communities>>Open Forum
Hi all, My organization is a CDFI making commercial loans.  We've recently launched a solar panel loan product that is getting great uptake, but have had questions about our ability / capacity to finance them for borrowers who may bridge commercial / consumer purpose.  Specifically, we've had some farmers and home-based business people ask about our financing, and we have some trepidation about what we may be getting into if we blur the distinction.   I suppose it's fair to say that we're concerned [More]

Take Ownership of Your Lending System

Tue, 2019-09-24 11:17
From : Communities>>Open Forum
Hi Everyone, Just wanted to share my blog: Take Ownership of Your Lending System .  As you know your lending system plays a critical role in your constituents' experience. Ownership of that system begins long before go-live – it starts with selecting the right platform and implementing it with an eye towards the future. And, the system's long-term success relies heavily on how it is maintained. This post details an ownership model comprised of three pillars: support, operations and growth. Would [More]

RE: CDFI Symposium - Call for Papers

Tue, 2019-09-24 10:57
From : Communities>>Open Forum
This is a great opportunity to explore the importance of CDFIs - I'm hoping you will get lots of submissions! We'll be submitting a paper that explores the literature on why program evaluation of CDFIs is particularly challenging (as well as what we can tell, from the current scholarship, about CDFI outcomes).  Which, by the way, if anyone in the CDFI research or impact evaluation community is reading this - if you've done research that looks at program evaluation in this space please email me or [More]

CDFI Research Working Group Call on 10/2 at 2PM EST -

Tue, 2019-09-24 10:20
From : Communities>>Open Forum
Hello CDFI community - A few months ago OFN , CNote , and Carolina Small Business asked for feedback from forum users to gauge interest in a research collaborative. We received 48 responses which indicated an interest in this type of project. It looks like there is a wide array of interest - from both CDFIs themselves and partner organizations. More than half of respondents showed an interest in all of the research areas we asked about (peer-reviewed research, impact assessment, market studies, and [More]

RE: OFN Board of Directors Elections

Mon, 2019-09-23 12:38
From : Communities>>Open Forum
i'm happy to see two long-time colleagues on this list - Marshall Crawford and Sara Morgan. I have personally witnessed how they both have dedicated their lives to opportunity finance. They bring unique perspectives on urban and rural community development as well. Congratulations! ------------------------------ Sarah Greenberg Regional Director, Southeast Wisconsin Forward Community Investments Madison WI sarahg@forwardci.org ------------------------------

How Improving Financial Literacy improves Communities

Mon, 2019-09-23 11:39
From : Communities>>Open Forum
For OFN members - The High Impact of Financial Literacy and Telling our Money Stories  – is the new Sept 19 issue from the award-winning GreenMoney Journal. We all know the saying that "time is money" which seems truer today than ever. But do take some of your time to read these articles, mentioned below, to inform your own thoughts and feelings about money and its impact on communities.  Read the articles at -  https://greenmoney.com   • A Dream Deferred   by Amberjae Freeman, COO at Etho Capital [More]

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How Improving Financial Literacy improves Communities

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