low income communities, Mission Asset Fund, lending circles, san francisco, informal loans, credit history, credit score, community lending groups, low income families, social loans, savings, life improvement, jpmorgan chase Mission Asset Fund CEO José Quiñonez Mission Asset Fund CEO José Quiñonez Mission Asset Fund CEO José Quiñonez Mission Asset Fund CEO José Quiñonez

Developing Global & Local Communities

Mission Asset Fund: Changing a Community With Accessible Financing

Community Loans Bring Low-Income Families Into the Financial Mainstream

Low-income communities often pool assets to make loans, but those informal arrangements don’t help the borrowers build their credit history and credit scores.

So one organization is turning those community efforts into a formal process.

"Mission Asset Fund is helping low-income families transition into the financial mainstream, essentially servicing and formalizing social loans to help them build their savings," says José Quiñonez, the organization's CEO, allowing them to build credit histories.

Watch this video to learn more about how Mission Asset Fund is improving the lives of families in San Francisco.

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