Financial Services Project

Unfortunately, many current microfinance programs are expensive to administer and inefficient. The Enterprise Foundation is partnering with the Blue Moon Fund and several community organizations to develop a comprehensive model for delivering financial services on a larger scale at lower costs. The project focuses on the community of Fordham Bedford, a largely Hispanic low-income neighborhood in the Bronx. The first phase of the project will explore existing financial services conditions and possibilities for fresh models. This research and discovery phase will then lead to the development of legal and economic frameworks for improving access to financial services in Fordham Bedford and, eventually, around the country.

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