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Bank Participation in Joi...
Have you considered the impact innovative lending could have on underserved
populations, particularly disabled populations and marginal groups? A case
study where you look at the economic impact on the larger community of more
liberal lending practices to create small business wihtin a community,
through developing community-based lending groups?
Banks are always looking at the collateral in terms of property or cash.
That is the safe way. A portion of their "risk" should be placed into
smaller loan pools which will provide seed capital for job creation in
communities. Not under a government program but under a sense of communty
membership. Any takers?
About 40% of our assets are dollars made available to us a below prime by
large banks who don't want the hassle of handling small loans but want the
CRA credit and publicity of "lending" to marginal populations.
NJ Disability Loan Fund, Inc.
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