BOI – Credit Building and Financial Education for Entrepreneurs

We examine the costs that microenterprise organizations took on in the pilot program and how they could reduce costs in the long-term.

We explain how microenterprise programs can go from a general idea of how they help their customers to a specific and clear understanding of their secured card customer needs.

We explain what the Lean Canvas is and how it can help microenterprise organizations develop a successful business model for their secured card program.

The third and final publication from the Asset Building through Credit pilot explores how to sustain delivery of a secured credit card teamed with credit coaching.

The webinar offers practical lessons for practitioners, funders, and others interested in moving the needle on financial capability.

The second publication in this series highlighting the findings from the Asset Building through Credit Pilot details the outcomes of 385 secured cardholders in terms of credit scores and financial behaviors.

Outcomes on credit scores and financial behaviors of microentrepreneurs who used a secured credit card.

This webinar highlights the initial findings report from the Asset Building through Credit Pilot.

This paper presents the first set of findings from the Asset Building through Credit Pilot program, a demonstration that explored the use of secured credit card, teamed with credit coaching, as a tool to help entrepreneurs to build their credit.

With the continued challenge of poor credit quality stemming from the financial crisis, many organizations have looked to new approaches to serve clients who want to grow or start a business but are hampered by poor or nonexistent credit.