Volunteer Hours Contributed:
Volunteer Hours Contributed: 120
Date Completed: August 2013
Two J.P. Morgan volunteers helped Association for Enterprise Opportunity (AEO) assess the feasibility of participation of US micro-lenders in the Community Development Financial Institutions (CDFI) Bond Guarantee Program by developing a financial model for a subset of lenders.
This project has the potential to greatly increase access to capital for underserved entrepreneurs in the United States. A successful bond issuance will permit approximately USD 100M to flow to underserved business owners. The process of preparing US micro business lenders to participate in the bond issuance also improves the capacity of lenders and creates greater transparency into performance of the sector.