While finding large employers for communities is important, so too is encouraging local entrepreneurs who are rooted in the life of the community.
CNI’s Micro Finance Group is committed to bringing affordable microfinance solutions to small business owners who do not have access to traditional sources of financing.
The Micro Finance Group’s microloans, currently ranging from $500 – $50,000, feature flexible underwriting criteria to allow borrowers to start up and expand their businesses.
The microloans are funded by community partners like JPMorgan Chase whose Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) program is committed to addressing neighborhood quality issues and advancing inclusive economic growth in under-resourced communities.
The Micro Finance Group is a partner in the Pathway to Enterprise for Returning Citizens program, providing access to start-up capital to former inmates launching their own business following the successful completion of entrepreneurship training.
Impacting Communities with Mission-Based Lending
- 172 microloans funded since founding
- $3.8 million in lending since December 2012
- 700+ jobs created and retained
- 92% loans to minority-owned businesses
Mae Whiteside is the founder and owner of CKL Engineers, LLC. The professional civil engineering consulting company often performs sustainable transportation design, road and airport construction management, erosion control engineering and inspection services for local, state and federal organizations.
Mae sought out CNIMFG to assist with keeping her business afloat until two new federal contracts began submitting regular payments. Thanks to CNIMFG being able to grant the request, CKL was able to pay off the loan.
Million Dollars Funded Since 2012
Jobs Created and Retained