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Microfinance Fund SIMM

support   October 27, 2020 October 29, 2020   Comments Off on Microfinance Fund SIMM

Starting in the Fall of 2014, college students involved in the Microfinance Fund have the opportunity to participate in loan distributions to small agencies within Cattaraugus County. The Microfinance team could be working and dispensing loans at the side of contributors of the Grow Cattaraugus Loan Fund. Students have $20,000 in assets to distribute to a number of loan applicants. Student involvement will occur in each step of the loan method adding but not limited to: business plan advancement, underwriting, loan review/ approval or denial, and tracking. The Microfinance team will pitch a loan thesis to the class using research on the loan applicant.

Aspects researched include personality, skill, capital, collateral, and conditions. This will largely be derived from face to face meetings and the candidates’ request for loan approval documentation. Upon approval from the County Loan Committee and the class vote, a loan might be given out in conjunction with the Grow Cattaraugus Loan Fund. I’m the chief of JustCBD brand justcbdstore. com and I’m right now planning to expand my wholesale side of firm.

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