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Meeting their Mission: How CDFIs Can Better Serve Communities of Color - Shared screen with speaker view
Daniel Lau, Northern Califorinia Grantmakers, he/him
35:34
Hi Olivia, Beth Yeap with AFN is controlling the slides. She is sharing her screen and asked the speakers to give her verbal cues when you want to advance the slide.
Mona Masri
41:09
The webinar and slides will be shared with all attendees.
Laurie Harris
47:37
Additional barriers are lack of Black leadership at large CDFI's, BIPOC community partners on CDFI boards to hold CDFI's accountable and provide access to communities and Black lending and TA staff to build trust with clients.
Leigh Lester
48:42
@Laurie - Exactly and mechanisms to create a pipeline for those potential leaders.
Trevor Nelson
50:25
is the solution focused new venture creation and growth industries or more about building capacity within the established businesses
Olivia Rebanal
50:35
@Laurie - AGREE
Laurie Harris
01:00:10
The REAL People's Fund is a capital Fund controlled by 6 community groups. Lending and TA are provided by Community Vision, Runway Project and Uptima Boot Camp. Community controls who obtains funding to match community needs.
Laurie Harris
01:03:45
East Bay Community Foundation BLO has 300 plus Black led non-profits that all need additional resources.
Laurie Harris
01:12:37
Black led CDF's are the best delivery system
Olivia Rebanal
01:12:41
I believe we need to redefine success as it relates to justice outcomes and impacts, as Alicia says.
Olivia Rebanal
01:13:10
SBA programming does not reach people of color (I think 1%!)
Olivia Rebanal
01:13:38
@Jeff - there is an association of Black Led CDFIs.
Mona Masri
01:13:43
Feel free to add any links to resources into the link for all attendees.
Olivia Rebanal
01:13:53
Our CEO (and our organization) is part of it
Olivia Rebanal
01:14:34
I believe we need to redefine success as it relates to justice outcomes and impacts, as Alicia says.SBA programming does not reach people of color (I think 1%!)
Olivia Rebanal
01:14:59
Our CEO (and our organization) is part of it
Leigh Lester
01:15:40
Co-creating programs with the community is the way to go. Every community is different. We cannot be prescriptive. We have to be flexible and meet BIPOC entrepreneurs where they are.
Olivia Rebanal
01:16:06
Our CEO and our organization are part of this alliance - https://aaacdfi.org/home
Laurie Harris
01:18:31
Measure money deployed into low wealth zip codes, stop the black business tokenism for publicity and look at Black board, staffing and independently ask community partners if the CDFI is active in the community..
Leigh Lester
01:25:51
It’s a matching fund program that promotes a mindset change in the entrepreneur and incentivises it at the same time. Min of 6 months and includes financial literacy training.
Leigh Lester
01:26:29
The mindset change helps to address the trauma experienced by BIPOC.
Xochitl Cortez
01:37:17
@Laurie! thank you for highlighting lack of Black leadership gaps within CDFI.
Leigh Lester
01:42:33
Yes, Joyce! Engaging with staff from the community is huge.
Sabrina Wu
01:47:38
Thanks to you, Amy, for facilitating this great discussion!