Entrepreneur Backed Assets Fund

The Entrepreneur Backed Assets (EBA) Fund empowers community-based financial institutions to lend to small businesses in low-income communities and those owned by people of color. It does so by purchasing existing loans originated by CDFI microlenders and creating a secondary market for them, providing capital for new lending.

EBA Fund is a nonprofit emerging CDFI designed in collaboration with the members of the Microfinance Impact Collaborative (MIC), the Aspen Institute Business Ownership Initiative (BOI), and Revolve Asset Management. MIC comprises six of the largest US microlenders – LiftFund, Justine PETERSEN, Ascendus, Dreamspring, Accion Opportunity Fund, and Allies for Community Business – and is convened and supported by BOI.

It was launched with initial grant funding from the Citi Foundation, the Bill & Melinda Gates Foundation, and the Robert Wood Johnson Foundation. Microsoft Corporation and Woodforest National Bank are making the first capital investments in the Fund.

Below you’ll find highlights of EBA Fund’s work and progress. Learn more at ebafund.org.