The Capital Good Fund is excited to announce that it has launched its DoubleGreen Credit Builder Loan program! This innovative new loan covers the cost of purchasing and installing a programmable thermostats in households throughout Rhode Island. These energy upgrades can save borrowers approximately $185 in annual energy bills. Moreover, borrowers will be able to build their credit through demonstrated repayment of the loan. Improved credit, in turn, will provide greater access to capital and other economic opportunities and lead to a more prosperous and inclusive economy for all. Lastly, CGF is the first microlender in the country to launch a loan of this nature!
Photos and Thoughts From Our First Business Training Workshop!
Wednesday, December 09, 2009
Participants in the workshop pose with their graduation certificates!
Our innovative 5-part business training workshop—which teaches business basics such as profit and loss, budgeting and marketing—recently came to a close with a final class focusing on how to go green, both at home and through entrepreneurship. 15 Providence residents attended the course, 9 of whom attended all 5 classes and received certificates. We are thrilled with the results of the class. Students learned the essential skills needed for business, but were also taught basic financial literacy, including how to create a personal budget, understanding credit and how to calculate and compare interest rates. In addition, wherever possible the students learned how going green presents opportunities for saving and making money at home and in their businesses. Surveys conducted at the end of the course confirmed what we anecdotally knew: that it was a success! For example, 100% of the students would recommend the course to a friend, 87.5% would pay $50 or more for the course and 87.% would be interested in taking an advanced business course offered by us. Read on to learn about our plans moving forward.
Posted by Administrator on 12/09 at 11:42 AM
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