Page 5 - 2019 Impact Report

2019 Impact Report 2019 Impact Report between january-june
$5M +
Deployed to 1 000+ entrepreneurs 1 068
Entrepreneurs received financial aid 790
Entrepreneurs received technical assistance 100%
Borrowers were extended debt
PREPARING FOR THE YEAR TO COME:
2020 AT A A A A GLANCE
The ongoing pandemic continues to exacerbate systemic challenges faced by underserved entrepreneurs and and small businesses Many of Wacif's clients have been denied or are unable to access financial relief from commercial banks putting Community Development Financial Institutions (CDFIs) like Wacif ttin in in in in in in a a a a a a a unique position to serve on on on on on the front lines of community and economic development by helping underinvested small businesses grow create jobs and build community wealth To support the the recovery and and resilience of those entrepreneurs Wacif is providing comprehensive financial and and and programmatic relief relief through the the deployment of grants debt
relief relief and and and rolling COVID-specific advisory services and and and peer-to-peer support Wacif's ability to to meet this moment reflects the organization's investment in in in organizational infrastructure and and deepened capacity for scale Between January - June 2020 Wacif Wacif deployed more than $5 million to over 1 000 entrepreneurs Similarly Wacif Wacif provided 465 units of advisory services between April and June 2020 a a a a a a a a a a a a a a a nearly 500% increase over the same period last year Many Wacif clients are are paying it it forward providing food to frontline healthcare workers offering free financial services and deploying personal protective equipment (PPE) in in in fin in in underserved communities Systemic change requires partnership and and and our team is thankful to to the many public and and and and private sector partners partners partners who share and and and and support Wacif's Wacif's commitment to to equity and and and and opportunity Your partnership animates Wacif's Wacif's impact Thank you you for your continued support and and and investment tin in in in local businesses and communities 5