CDFI Connect Community Discussions

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Updated: 14 min 12 sec ago

RE: CDFI lenders who can support non-profits with operational costs

Fri, 2019-07-26 09:46
From : Communities>>Open Forum
Sonja, Growth Partners Arizona historically has lent solely to nonprofits.  While we haven't done any loans yet for the purpose you're inquiring about, I'm sure we would consider such a request.  The key is still to understand what caused the need and the sustainability of the source of repayment.  I'm happy to chat with you by phone - 520-382-9218. Lesli Pintor, ED Growth Partners Arizona ------------------------------ Lesli Pintor Executive Director Growth Partners Arizona Tucson AZ (520) 382-9218 [More]

CDFI lenders who can support non-profits with operational costs

Thu, 2019-07-25 18:06
From : Communities>>Open Forum
Does anyone have recommendations of CDFI lenders who can offer loans to non-profit entities for operational costs, particularly to allow them some runway to maintain staff? ------------------------------ Sonja Karnovsky Economic Empowerment Specialist City of South Bend South Bend IN ------------------------------

RE: Social Impact Measurement System

Thu, 2019-07-25 15:29
From : Communities>>Open Forum
I'm in strong agreement with you that there is a serious need in this area. The problem (which I think comes across in the articles Barbara linked) is that there is a vast chasm between what can be accurately measured with the resources most institutions have for this kind of thing and what we really want to measure. CDFIs have been given a set of reporting incentives from partners and funders - including the SBA - to quantify impacts in ways that can be easily understood by stakeholders. Thus we [More]

RE: Consultants

Thu, 2019-07-25 12:52
From : Communities>>Open Forum
Hi Arielle, I work for Craftsman Technology Group, a registered Salesforce partner that specializes in training and implementation. Next week we have an introductory Bootcamp that may be of interest. You can learn more on our events page . We also offer custom Salesforce training for organizations with complex use cases. Please feel free to reach out directly or fill out our training request form . Happy to answer any questions! Best, Lily ___________________________ Lily H. Leavitt Community [More]

RE: Social Impact Measurement System

Thu, 2019-07-25 12:32
From : Communities>>Open Forum
Hi Tameka,  Hope this message finds you well. I sent a response to you via "Reply to Sender" Only and wanted to give you a heads up so that it will be on your radar. As far as everyone else, if you haven't read these articles, I think these humorously get to the heart of the issue of what organizations are being asked to measure, the quality and scope of quantitative and qualitative data, outputs and outcomes, social impacts, and the ultimate ability to fund activities that are necessary to change [More]

Quarterly Interest Accrual Reporting / Downhome

Wed, 2019-07-24 20:03
From : Communities>>Open Forum
Hello! I work with Spruce Root , a small-business loan fund in Southeast Alaska. We recently started using Downhome cloud software, and appreciate the ease of generating reports and the responsive customer service. It's really a step up for us from spreadsheets. However, we're still working out some of the bugs in the transition. Specifically, right now we're working on quarterly financials and looking for the full amount of interest accrued for the quarter to update the books. Downhome provides [More]

Social Impact Measurement System

Wed, 2019-07-24 14:14
From : Communities>>Open Forum
I'm curious to know who's feeling the need to focus on capturing the social impact of your programs and not just outputs?  When I was at SBA leading the Office of Entrepreneurial Development, while we used the terms, "impact" and "outcomes", what we really were talking about was outputs.  Are other funders and key stakeholders asking you to speak more to the changes, the outcomes and impact of what you're doing? ------------------------------ Tameka Montgomery CEO Core Strategy Partners, Inc. TAKOMA [More]

RE: Consultants

Wed, 2019-07-24 12:26
From : Communities>>Open Forum
Hi Arielle! Our organization is a Sales and Marketing Agency and it sounds like we might be a good fit for what you've described. If you're interested in talking, I'd love to connect you with Brooks Nelson to talk about your 1 year objectives and what expectations and outcomes could be. Paul Paul Bresenden | President 949.299.1120 454creative.com

Wisconsin Consumer Protection Act

Tue, 2019-07-23 17:35
From : Communities>>Open Forum
​I am wondering if anyone does lending in Wisconsin with loans under $25,000 and how they work to ensure compliance with the Wisconsin Consumer Protection Act- banks and credit unions are exempt.  If anyone has a resource they could direct me to that would be great! ​ ------------------------------ Noah Hobbs Lending Director One Roof Housing Duluth MN 218-249-0364 ------------------------------

CBA Funding Opportunity

Tue, 2019-07-23 16:16
From : Communities>>Open Forum
Hi OFN Community! I wanted to make sure you knew about a new opportunity through Credit Builders Alliance's emerging CDFI intermediary CBA Fund.  CBA Fund is providing loan capital and small operating grants to nonprofits interested in adding a new consumer loan to their portfolio or expanding/improving an existing consumer loan. In addition, if you are not currently reporting to the major credit bureaus but offer consumer loans (or plan to), CBA has stipends to cover the set-up cost of CBA Reporter [More]

Consultants

Tue, 2019-07-23 10:40
From : Communities>>Open Forum
Hello! We are interested in engaging a consulting company in services to improve our institutional capacity in terms of lending, fundraising and marketing over a 1-year period. If your CDFI has worked with any stellar organizations who provide affordable services that you recommend, please let us know!   Additionally, do you work with Salesforce? Or another CRM software? Were you trained on how to use it? We're also interested in hearing about any relevant professional development or skills building [More]

RE: Interview Questions for Loan Officer/Lending Relations

Mon, 2019-07-22 10:07
From : Communities>>Open Forum
Here is a set of questions we used for a recent LO hire. Good luck! ------------------------------ Jenny Rottmann Director of Finance and Administration Genesis Fund Brunswick ME (207) 844-2035 ------------------------------

Files Attached Document
RE: Interview Questions for Loan Officer/Lending Relations

RE: Red Flag Warnings and Bank Secrecy Act/Anti-Money Laundering Policy

Fri, 2019-07-19 13:25
From : Communities>>Open Forum
Gary, We also were recently required by our state regulator to implement a BSA/ AML policy. We paid a consultant ($350- $400, I think) to draft one for us. We are still in the implementation phase giving LOs and counselors more specific red flags to escalate to management. A little complicated here as we also serve borrowers who do not have a valid SSN, but an ITIN instead. Happy to share, but prefer to do it off line as some of what we bought can't be distributed. ------------------------------ [More]

RE: Succession Planning

Fri, 2019-07-19 13:22
From : Communities>>Open Forum
There are great templates and other guidance for succession planning in this toolkit.  I have used these tools many times with clients. Good luck to you in developing a useful succession plan. As many CDFI leaders have told me the key to a good succession plan is to revisit it annually and update it as time passes. ------------------------------ Adina Abramowitz President Consulting for Change Philadelphia PA 215-247-1544 ------------------------------

Files Attached Document
RE: Succession Planning

RE: Succession Planning

Fri, 2019-07-19 11:31
From : Communities>>Open Forum
@Paula Jensen What a great response time with such helpful information. Way to support your fellow CDFIs! ​ ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

RE: Tracking and Reporting Metrics

Fri, 2019-07-19 09:41
From : Communities>>Open Forum
Hi Becka,  It's amazing that Arkansas Capital Corporation is prioritizing this! I may be able to help. I am a CDFI consultant with nearly a decade of experience in the industry, and I specialize in data analytics. I focus on turning chaos into clarity so that leaders have the  actionable insight needed to maximize their CDFI's success. M y training is in  analytical design, statistical techniques, data mining, and data visualization. Although I've never used Implan before, I could likely pull interesting [More]

RE: Succession Planning

Thu, 2019-07-18 10:06
From : Communities>>Open Forum
Sheila I hope these help Paula Jensen Dakota Resources ------------------------------ Paula Jensen VP of Advancement Dakota Resources Sioux Falls SD ------------------------------

Files Attached Document
RE: Succession Planning

RE: Strategic Planning RFP

Thu, 2019-07-18 00:27
From : Communities>>Open Forum
I'd love to help.  We do quite a bit of strategic planning and I'd be happy to share our standard proposal process and pitch decks so that you can reverse engineer the process for vetting a consultant.  I'm know this post is from April, so I'm hoping you might have already solved this challenge :) FYI, we use a lot of strategic planning materials from Gazelles.  It's a great starting point if you're not already familiar with the Scaling Up resources:  https://gazelles.com/ ------------------------------ [More]

Files Attached Document
RE: Strategic Planning RFP

RE: Tracking and Reporting Metrics

Thu, 2019-07-18 00:20
From : Communities>>Open Forum
Hi Becka! We love jumping into the report design and data analysis process.  We are normally asked to focus on customer acquisition and marketing focused activities.  We haven't worked with Implan before so that might be a small hurdle.  Here are a few articles I wrote that might help as well. ------------------------------ Paul Bresenden President 454 Creative Irvine CA 9492991120 ------------------------------

Files Attached Document
RE: Tracking and Reporting Metrics

Succession Planning

Wed, 2019-07-17 11:13
From : Communities>>Open Forum
Greetings All, We are in the process of developing a Succession Plan, I was hoping our CDFI family might be able to share there template with us. We would greatly appreciate any assistance. TIWA LENDING SERVICES Herr Kam! (Thank you), Sheila Herrera Executive Director Office (505) 916-0556 Fax # (505) 869-7596

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