Issue:  Vol. 47 / No. 42 / 19 October 2017
 

SF LGBT Center honors lending group

Mission Asset Fund,  a nonprofit that helps low-income people get loans, has received the San Francisco LGBT Community Center’s Ally Award, the center announced Wednesday (October 22).

The honor goes to community partners who work with the gay nonprofit to assure economic justice for LGBTs. The center presented the award to MAF Tuesday as part of its LGBTQ Economic Justice Week.

Edgar Cruz, left, and Gustavo Cerritos have benefited from the Mission Asset Fund. Photo: Rick Gerharter

Edgar Cruz, left, and Gustavo Cerritos
have benefited from the Mission Asset Fund. Photo: Rick Gerharter

The asset fund has partnered with the center to provide the lending circles program, which gives people a chance to pool their money, take out interest-free loans, and boost their credit scores. Through the program, the gay nonprofit said it’s helped 150 clients.

The Bay Area Reporter has highlighted the story of two clients who gained economic freedom and other benefits from the program. (Articles on the couple appeared in 2012  and 2014.)

In a news release, Clair Farley, the center’s associate director of economic development, said, “The partnership between MAF and the center has served as a crucial resource for the local LGBTQ community, granting clients access to secure, affordable and socially responsible capital – opening doors that previously were far too often slammed shut.”

José Quiñonez, the asset fund’s CEO, stated, “The issue of financial exclusion is one that touches so many lives. The center is already doing great work to address this need in the community and we’re honored to ally with the center to reach more hardworking families.”

— Seth Hemmelgarn, October 22, 2014 @ 3:05 pm PST
Filed under: Uncategorized


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