Underserved communities face barriers that exclude them from financial systems. A history of credit, wealth and health inequities have contributed to the underrepresentation of these communities in our credit economy. It’s made homeownership and the dream of entrepreneurship seemingly unattainable.
Individuals from disadvantaged communities have ideas and aspirations that can set them on the path toward small business ownership. However, a lack of access to startup capital puts them at a significant disadvantage.
While D.C. is typically known as a more affluent neighborhood, the truth is a quarter of the households have incomes of less than $50,000 a year. Many of these individuals could have the talent and aspirations to become entrepreneurs, but they can’t find the means to do so.
Our goal is simple: Help break the cycle of financial exclusion through financial education and credit building.
Breaking down barriers for underserved communities: While the average VantageScore…
Read the full story from the Washington Business Journal.
