To create innovative solutions to help non-traditional financial and asset building institutions serving low and moderate income individuals build client credit and financial access in order to grow their businesses and/or personal assets.
CBA is implementing its mission through three main activities:
Innovative Products and Services
CBA Reporter community lenders can provide borrower data through our unique partnerships with major credit bureaus.
Education and Training
CBA Toolkit is an online resource to collect and share tools and best practices for asset-based credit building strategies.
CBA Workshops as webinars and on-site trainings
Credit Impact Measure Tool informing how credit reports could provide a cost-effective objective longitudinal measure of economic self-sufficiency
Research and Awareness Raising
CBA works with national partners to understand and impact policy, conduct research, and create better understanding around credit building
Longitudinal Research with Justine Petersen & St. Louis University
CBA Premise “ A Credit Score is a Financial Asset” People with a good credit rating will save approximately $250,000 in interest throughout their working lives Good credit decreases the cost of doing business for micro-entrepreneurs so that they are more competitive in the marketplace. A business vehicle will cost $50 less a month on a 36-month loan.