Opening Capital to Small Business Communities & Financial Services for Low Income Communities...
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Transcript of Opening Capital to Small Business Communities & Financial Services for Low Income Communities...
![Page 1: Opening Capital to Small Business Communities & Financial Services for Low Income Communities National Association for Latino Community Asset Builders.](https://reader036.fdocuments.net/reader036/viewer/2022070409/56649e975503460f94b9a9ef/html5/thumbnails/1.jpg)
Opening Capital to Small Business Communities & Financial Services for Low Income Communities
National Association for Latino Community Asset Builders
Presenter: Salvador Menjivar, Executive Director OneCalifornia Bank Foundation
![Page 2: Opening Capital to Small Business Communities & Financial Services for Low Income Communities National Association for Latino Community Asset Builders.](https://reader036.fdocuments.net/reader036/viewer/2022070409/56649e975503460f94b9a9ef/html5/thumbnails/2.jpg)
OneCalifornia
Community Development Banking– OneCalifornia Bank seeks to improve
economic opportunity for low- to moderate-income communities throughout California Loans to small businesses and fair banking services to “unbanked”
– OneCalifornia Foundation engages in charitable and educational activities that primarily support the bank’s community development mission and activities.
![Page 3: Opening Capital to Small Business Communities & Financial Services for Low Income Communities National Association for Latino Community Asset Builders.](https://reader036.fdocuments.net/reader036/viewer/2022070409/56649e975503460f94b9a9ef/html5/thumbnails/3.jpg)
Community Empowering
Building Community Assets• Promoting the growth of retail and
small business in low and moderate income communities
• Strengthening Nonprofits • Provide Financial Services to low
income families and individuals
![Page 4: Opening Capital to Small Business Communities & Financial Services for Low Income Communities National Association for Latino Community Asset Builders.](https://reader036.fdocuments.net/reader036/viewer/2022070409/56649e975503460f94b9a9ef/html5/thumbnails/4.jpg)
Community Empowering
Building Community Assets• Lending back in our communities• Supporting local business• Offering banking services to solve local
problems, including “green” lending• Innovative solutions for employers and
employees
![Page 5: Opening Capital to Small Business Communities & Financial Services for Low Income Communities National Association for Latino Community Asset Builders.](https://reader036.fdocuments.net/reader036/viewer/2022070409/56649e975503460f94b9a9ef/html5/thumbnails/5.jpg)
Building Assets by Supporting Families and Individuals
Banking Services for the “Unbanked”• Tactict: Use advanced technology to provide
banking services in low income communities
• Products in R&D: • 1)Kiosk that provides financial services
2)Pre-paid Debit Card that can be used in multiple financial transactions
• 3) Alternative to Payday Lending• Services: Financial education• Free Checking and Savings accounts (Includes ATM, Online banking, Bill pay)
![Page 6: Opening Capital to Small Business Communities & Financial Services for Low Income Communities National Association for Latino Community Asset Builders.](https://reader036.fdocuments.net/reader036/viewer/2022070409/56649e975503460f94b9a9ef/html5/thumbnails/6.jpg)
Current Programs Targeting Latino Communities
• Formalizing peer lending happening in CESTAS –Miss. Asset Fund-
• Acorns to Oaks: Promoting IDAs accounts (option 529 accounts) among families in the San Antonio neighborhood in Oakland.
• Developing Alternative to Payday Lending• Free saving and checking accounts in
partnership with nonprofits targeting the Latino community
• SBA loans to businesses owned by Latin@s• Financial Literacy