1. COMMUNITY FINANCIAL
RESOURCE CENTER

2. WELCOME
Give your name
Personal characteristic about yourself
City where you live
Name of your current business or
business idea

3. ACCESS TO CAPITAL
What are the barriers?
© 2012 Community Financial Resource Center

4. MICRO ENTREPRENEUR
What are the challenges as a small
business owner?
© 2012 Community Financial Resource Center

5. MICRO FINANCE
© 2012 Community Financial Resource Center

6. MICRO FINANCE
 A small business, registered or
unregistered
With five or less employees
Requiring seed capital of $35,000
or less
© 2012 Community Financial Resource Center

7. MICRO FINANCE
© 2012 Community Financial Resource Center

9. Community Financial Resource Center
CAPITAL PARTNERS™ PROGRAM
© 2012 Community Financial Resource Center

10. PROGRAM OVERVIEW
PROGRAM DESCRIPTION & MECHANICS
 Provide business loans and business
education together with opportunities to
network with peers
 Peer lending loan program
 Built around the “group” concept
 Graduated loans as a means to building and
(re) establishing credit
 Networking and professional support

11. PROGRAM OVERVIEW
“What Makes CFRC Capital Partners™ Unique?”
The ONLY organization on the West Coast to
offer peer loans modeled after Grameen Bank
No prior business experience required…even
a business idea will do!
Work at your own pace

12. PROGRAM OVERVIEW
FEW BARRIERS
CFRC Capital Partners™ does not require:
A business plan
Tax returns
No credit check
No collateral

13. PROGRAM OVERVIEW
HOW DOES IT WORK?
 Work in a group of three to eight members

14. PROGRAM OVERVIEW
HOW DOES IT WORK?
 Create a group name and establish by-laws

15. PROGRAM OVERVIEW
SYSTEM OF CHECKS AND BALANCES
 Group members are the loan committee
Responsible for approving and rejecting
loan requests
Review business profiles
Assure funds are being used for their
intended purpose

16. PROGRAM OVERVIEW
STEP-BY-STEP
 Loans are given in graduated amounts
 From $500 up to $5,000
 All group members must be current on
loans in order for any one member to move
through the program

17. PROGRAM OVERVIEW
TRAINING
 Each loan level has its corresponding
training
 Taught by small business counselor
 Covers business plans, business
profiles, accounting, etc.

18. PROGRAM OVERVIEW
LOAN DISTRIBUTION
 To be eligible for your first loan you must
attend the Level One training beforehand.
 Following, trainings must be completed
before moving up to the consecutive level.

19. PROGRAM OVERVIEW
LOAN DISTRIBUTION
 Loans are distributed 2-4 weeks after loan
request is submitted by group
 Non-refundable $75 fee for materials and
training

20. PROGRAM OVERVIEW
PROGRAM DESCRIPTION & MECHANICS
The CFRC Capital Partners™ Loan Structure
$5,000
Interest = 10% annualized $4,000 $5,000
$3,000 $4,000
Monthly Service $2,000 $3,000
Fee = $3.00 $1,000 $2,000
Example: $500 Loan $500 $1,000
4 month term $500
4-6 mo. 4-12 mo. 4-18 mo. 6-24 mo. 6-36 mo. 6-36 mo.
Payment = $130.61 12 months 24 months 24 months 24 months 24 months
The word “credit” comes from Latin and means to
believe or trust. We believe in trust.

21. PROGRAM GUIDELINES
ACCOUNTABILITY STRUCTURE
Group members are not legally responsible for
each other’s loan.
Each borrower is legally responsible for their
own loan.
 In order for any member to
advance to the next loan
level, ALL members must be
current on their loan payments.

22. PROGRAM OVERVIEW
“How do I participate?”
 Proof of Income
 Live in the County of Los Angeles
Proof of 6 months residency
 Two forms of Identification
Driver’s License, Passport,
Government-Issued ID

23. PROGRAM OVERVIEW
“What are the benefits?”
Make loan decisions
Build a strong business
Strengthen and build your credit profile
Participation in seminars and mixers
Peer support and networking with other
business owners
Access to capital

24. ADDT’L SERVICES
CONSULTING | COUNSELING | EXPANSION
• Consulting Services for eligible CP
members
• 1-on-1 counseling
• SEED & Expansion loans up to
$250K

25. ADDT’L SERVICES
SAVINGS PRODUCTS | FINANCIAL COACHING
• Really high interest savings accounts
• Personal Financial Coaching
• Money Management Workshops

26. OTHER SERVICES
NETWORKING | PROMOTION
• Networking Events
• Open Houses
• Community Small Business
Directory

27. OTHER RESOURCES
SOCIAL NETWORKS AND LENDING | CROWDFUNDING
KickStarter. com
IndieGoGo.com
Fundly.com
Sponsume.com

28. QUESTIONS & ANSWERS
CONCLUSION
Questions
&
Answers

29. Capital Partners Orientation
Thursday, July 12th
6:30 pm to 8:00 pm
4060 South Figueroa Street
(Corner of Figueroa & MLK Blvd.)

30. KEEP IN TOUCH
“Let us be your resource!”
Facebook.com/cfrcla
Youtube.com/CFRCLAdotORG
@CFRCLA
@BankOnLA
Text (323) 905-4060