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Q&A: Economic sociologist Frederick Wherry on the ‘sleeper social justice issue’


For the last two years I’ve been studying a non-profit in California that was being praised for its social innovation. The Mission Asset Fund (MAF), located in San Francisco’s Mission District, is trying to help people who don’t show up in the credit system at all, or who show up with poor credit scores but are engaged in credit-worthy activities.”

by Amy Athey McDonald

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Thought Leader Series: Interview with Mission Asset Fund

 

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It is important to deliver a product or service that people want. Mission Asset Fund took an existing community practice and improved it by allowing payment activity to be reported to credit bureaus. Since its founding six years ago, MAF has been helping individuals obtain access to capital and improve their financial situation through their lending circles program.

by CABO

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Throwback Thursday, A Community Partner Rooted in Our History Makes History

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“Almost 10 years ago, Levi Strauss & Co. did something amazing and transformative. Instead of pocketing the $1 million in net proceeds from the sale of the company’s Valencia Street factory, located in San Francisco’s Mission neighborhood, they decided to reinvest the funds in the local community through the Levi Strauss Foundation.”

by Jose Quinonez

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What Google’s Favorite Bay Area Nonprofits Would Do With A $500K Grant

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According to CEO José Quiñonez, the Mission Asset Fund currently partners with nine nonprofits in San Francisco and Alameda County to “formalize informal loans” — basically, reporting loans between friends to credit bureaus so that a small loan to help buy a bike can improve one’s credit score. Mission Asset Fund plans to use the $500,000 grant from Google to expand its partnerships to a total of 28 nonprofits and improve the technology behind its “Social Loans Platform,” built on Salesforce CRM.”

by Kyle Russell

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Poor Americans Find Becoming ‘Banked’ a Daunting Quest

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“Some 17 million Americans don’t have bank accounts, which makes everything from depositing paychecks to paying utility bills a hassle. Many aren’t unbanked by choice. Some are stuck on bank “black lists” and don’t know how to get off; others can’t afford high fees and balance requirements. ”

by Martha C. White

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