Microfinance Impact Collaborative
BOI’s Microfinance Impact Collaborative works to strengthen and accelerate the efforts of US microenterprise finance organizations committed to significantly increasing the scale and impact of their work. Comprised of six of the largest CDFI microlenders – Allies for Community Business, Ascendus, DreamSpring, Justine PETERSEN, LiftFund, and Accion Opportunity Fund – the collaborative brings the CDFIs organizations with a venue and mechanism for collective learning and action.
Since forming in 2015, members of the Microfinance Impact Collaborative have shared innovations and challenges related to growing their microenterprise finance work, focusing on topics including underwriting, capitalization strategies, nonbank alternativenders, the changing market context, the role of technology, and building the organizational capacity to innovate and grow. BOI and the collaborative members have shared the lessons from their work through publications and events, including those listed below. In 2020, the work of the collaborative resulted in the creation of the Entrepreneur Backed Assets Fund, a new nonprofit working to build a secondary market for CDFI microloans.