VOTE NOW: Mission Asset Fund set to win $500,000 with your help
LAM member and finalist of LAM Community Awards 2013, Jose Quiñonez, and his organization, Mission Asset Fund (MAF), are a finalist in the Google Bay Area Impact Challenge! Let’s join forces and help MAF win the top prize and vote!
Mission Asset Fund (MAF) is a finalist in the Google Bay Area Impact Challenge, an open invitation to local nonprofits to share their innovative vision for better communities. With five million dollars to award, any nonprofit in the Bay Area was eligible to apply.
Out of 1,000 applicants, MAF was selected by Google as a top 10 finalist in the competition and is now competing for $500,000 in grant funding.
“Making the top 10 is already a huge accomplishment to celebrate for us and it’s our intention to scale the reach of our program so we can empower marginalized communities, immigrants, and working class families in the Bay Area to have access to the financial resources they need to succeed,” said José Quiñonez, CEO of MAF.
MAF will scale Lending Circles, a social loan program that helps build credit scores and savings for low-income individuals. The program enrolls a diverse group of people including entrepreneurs and small business owners, aspiring citizens, undocumented youth applying for DACA, students, and families. In two years, MAF will support 28 Bay Area nonprofits to offer Lending Circles in their respective communities, ultimately helping 2,240 people lend and borrow $1.9 million in interest-free social loans.
Voting is now open until June 2 for the public to select their favorite nonprofits to win up to $500,000 in grant funding, technical assistance from Google and free co-working space. Vote for MAF at bit.ly/VOTEMAF to help hardworking families in the Bay Area access credit. Anyone can vote from anywhere in the world from their computer or mobile device. Winners will be announced June 3.
About Mission Asset Fund
Mission Asset Fund is a San Francisco-based nonprofit that is dedicated to helping financially excluded communities – particularly low-income and immigrant families – become visible, active and successful participants in the U.S. financial mainstream through financial education, community research and zero-interest, zero-fee credit building loans. For more information about Mission Asset Fund, visit www.missionassetfund.org.