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PeopleFund

P.O. Box 6432
Austin, TX 78762
U.S.

Contact: Margo Weisz,
Phone: 512-472-8087
Fax: 512-472-8191
URL: www.peoplefund.org
Email: margo@peoplefund.org
 

PeopleFund is a nonprofit organization whose mission is to promote economic vitality and opportunity in Austin's low-income areas by providing financing and technical assistance to businesses, community organizations, and affordable housing ventures. Since 1994, PeopleFund has invested $16 million and leveraged an additional $9 million in bank partnership financing for a total investment in the community of $25 million.

Program



Client Population

PeopleFund works to build prosperity for low-income people by providing financing and training to ventures that will have a positive impact in the community. PeopleFund's primary clients are African-American and Hispanic owned businesses located in low-income communities with an average of seven employees. Approximately 15 percent of PeopleFund clients are nonprofit organizations that provide needed services to low-income people. These entrepreneurs face unique challenges entering the economic mainstream due to limited business networks, lack of access to financial savings and capital and reduced educational opportunities.

Impact

Since 1994 PeopleFund has grown to more than $6.6 million in assets, and made community development loans totaling more than $13 million. Leveraged against an additional $7.6 million in bank partnership financing, PeopleFund's total investment in the community is more than $20 million. This investment has:


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