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“'The credit builder loan is about giving people an opportunity to start building relationships with some sort of financial institution that will help them build a credit history, and will hopefully help them build financial relationships and become part of the mainstream,' Ms. Frank said." (The New York Times, 2012). Read more >>
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On July 22, 2011, Citi and Chicago-area community development organizations gathered to announce that they were forming the Chicago Credit Building Coalition (CCBC). CBA's Executive Director, Vikki Frank, took part in the gathering and presented CBA's Credit Card Condoms! Watch the video >>
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"A Small Business Administration program that offers grants to nonprofits that help low-income entrepreneurs start or expand business ventures may have doled out its last set of awards this month as Congress considers cutting its budget" (Washington Post, 2011). Read more >>
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CBA's Executive Director, Vikki Frank, contributed an article on "Building Credit for the Entrepreneur AND the Enterprise" to AEO's Blog for Global Entrepreneurship Week 2010. Read more >>
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The Women's eNews spotlighted Kentucky Domestic Violence Association, a CBA member, for their innovative microloan program to help survivors of domestic violence to start or build a credit history. Read More>>
Check out KDVA's innovation in the Credit Builder Toolkit!
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The Credit Outcome Challenge presented by Credit Builders Alliance was a 30 day national competition in April 2010 that called on all CBA members to share their collective successes. A panel of credit building experts selected three Challenge Champions and winners were announced at the CBA Member Breakfast on May 12 during the National Microenterprise Conference and Training Institute). The Challenge Champions will be posted soon!
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The Annie E. Casey Foundation released its latest documentary aimed at working families trying to build financial stability and move up the economic ladder. Pursuit of the Dream: Building Credit for Life is a 20 minute short film with tips for building a good score and for avoiding money traps that can drag down credit ratings.
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CBA's Vikki Frank discussed credit on the Kojo Nnamdi show exploring consumer culture and credit monitoring – and what it means to be “credit worthy.” The radio show aired in the Washington, DC area on November 10, 2009. Listen>>
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The Center for Financial Services Innovation showcased Credit Builders Alliance’s progress as a grantee in their Nonprofit Opportunities Fund, a two-year grant from the Walmart Foundation. The Learning Brief exhibits CBA’s innovative work and how this work has connected underbanked constituents with financial services and asset-building opportunities. Read more>>
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In August 2009 the Aspen Institute released a funder guide written collaboratively by FIELD and CBA that outlines challenges faced by microenterprise programs in credit building and how funders can support their work in this area of practice. Read More >>
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