In The News

Member Success Stories – The Fountain Fund and CBA Fund: Enabling Life-Changing Opportunities Through Small Dollar Loans

April 4, 2023

CBA Fund, CBA’s CDFI Intermediary, is a Community Development Financial Institution (CDFI) intermediary dedicated to catalyzing and growing the capacity of nonprofit lenders to offer small dollar, credit building consumer loans. Many community-based organizations see a need for safe and affordable small dollar consumer loans in their communities but do not have the resources to implement a solution. CBA Fund’s mission is to expand the capacity of nonprofit lenders, like The Fountain Fund, to provide safe and affordable small dollar consumer loans (SDLs) and credit building products to low- and moderate-income individuals.

“CBA Fund allowed us to enlarge our mission and serve new markets…without it, these critical programs wouldn’t exist.”
– Meagan Jordan, Economic Opportunity Facilitator, New Orleans, at The Fountain Fund

 

CBA sends out special announcements when funding is available. Please sign up for the CBA Newsletter to stay up-to-date on CBA Fund loan capital and grant support opportunities.  Feel free to contact cbafund@creditbuildersalliance.org with questions.

 

In a Housing Crisis, Rent Reporting Can Be a Lifeline for the Vulnerable

March 26, 2023

Our CEO, Dara Duguay, contributed an opinion piece to The Hill on rent reporting as a sound credit building strategy:

“At CBA, we believe that rent reporting is just one step renters can take to start building their credit and should be paired with financial wellness programming for maximum impact.”

 

 

Ascendus Offers Credit Coaching Through Master Trainer Certification (Ascendus)

November 5, 2022

Ascendus now offers credit coaching through our nationally recognized Credit as an Asset training!

 

 

Citi Foundation Announces Recipients of $50 Million Community Finance Innovation Fund (Citi Foundation)

September 12, 2022

We are thrilled to announce that CBA has been selected as one of twelve recipients of the Citi Foundation’s Community Finance Innovation Fund! Thanks to this commitment, CBA will establish a consumer lending bootcamp and work with CDFIs in credit deserts who are interested in bringing safe and responsible small dollar capital to their communities.

CONGRATULATIONS to all recipients as we collectively continue to advance the field of community finance and create positive impact for low-income communities and communities of color. 

 

 

Rent Reporting for Credit Building Summit Report (Enterprise Community Partners)

September 6, 2022
In the spring of 2022 Enterprise and Credit Builders Alliance (CBA) conducted a three-part series of conversations that advanced rent reporting as an equitable asset building strategy for affordable housing residents. Rent reporting is a process by which tenants receive a positive impact on their credit score, just by paying rent on time. Through our collective efforts, we brought different stakeholders from the private sector, nonprofits, housing providers, government, and philanthropy. Each session focused on a different theme, including research, implementation, and policy. The sessions built our collective understanding of rent reporting for credit building as we continue to develop policy, research, new programs, dialogue, and ultimately system change.
 

 

Mapping Rent Reporting for Credit Building (Enterprise Community Partners)

September 6, 2022
In the spring of 2022 Enterprise and Credit Builders Alliance (CBA) conducted a three-part series of conversations that advanced rent reporting as an equitable asset building strategy for affordable housing residents. Rent reporting is a process by which tenants receive a positive impact on their credit score, just by paying rent on time. Through our collective efforts, we brought different stakeholders from the private sector, nonprofits, housing providers, government, and philanthropy. Each session focused on a different theme, including research, implementation, and policy. The sessions built our collective understanding of rent reporting for credit building as we continue to develop policy, research, new programs, dialogue, and ultimately system change
 

 

Advancing Equity: The Power and Promise of Credit Building (Asset Funders Network)

August 9, 2022

 

Accompany Capital – CBA Symposium 2022: Together Again

July 29, 2022

 

Building Credit: Creating a Gateway to Financial Well-being (Capital One – Our Commitments)

June 15, 2022

 

Bridging the Credit Gap with Credit Builders Alliance (Equifax Insight)

April 28, 2022

 

Past Articles