Within First State Community Loan Fund’s Community Development initiative is a strong push to provide the funding necessary to open, maintain or renovate child care establishments throughout the state of Delaware. The result is a string of success stories, for example, Faith Harvest Child & Youth Development Center, A Leap of Faith, and Family Enrichment that epitomize the hard work and dedication necessary to make a difference.
Another such success story is Ribbons and Bows. Cora Reed came to FSCLF for help financing her growing daycare center. With her first loan – in November 2005 for $60,000 – Mrs. Reed and her husband Frederick were able to relocate their existing home-based daycare into a full-fledged childcare center.
Ribbons and Bows have had a positive impact in Wilmington. The organization currently employs 17 people, serving 105 children. However, in response to demand, they plan to increase their capacity to be able to serve up to 250 children in the near future.
Ribbons and Bows has also become a social beacon within the community by serving lower income kids and their families through education and spirituality. A dedicated Christian organization, Ribbons and Bows emphasizes strong morals and ethics, helping to raise and nurture the children within an environment that is safe and free of violence. Education is also a top priority at the center as well. The staff and administration has seen visible improvements in the children’s academic achievement, including their drive to learn. Cora’s belief in quality child care has provided a model environment for the children.