“So, what is IRC’s Center for Economic Opportunity?” We get this question from our partner organizations and their clients, as well as potential donors looking to make an impact. As a subsidiary of the International Rescue Committee and as a CDFI, it can be difficult to explain who we are and what we do in a simple way. We made this video to answer the question and show you who we are.
IRC's Center for Economic Opportunity
金融服务
New York，NY 809 位关注者
Unlocking access to credit for refugees, immigrants, and all those seeking to build better lives.
关于我们
CEO’s origins can be traced back to the International Rescue Committee’s (IRC) efforts to help newly- arrived refugees and other low-income families climb the economic ladder. Lack of credit and access to consumer financing was immediately apparent as a significant barrier to prosperity for IRC’s clients – and not only for refugees, but for low-income immigrants and non-immigrants alike. Finding partnerships with existing lenders that could reliably, consistently, and affordably extend financing to its clients proved elusive, and so IRC began to offer loans directly – and did so in tandem with their anti-poverty social service efforts. By 2016, the IRC had made more than 3,000 loans totaling $3 million -- primarily to low-income refugee and immigrant borrowers -- while maintaining a 94% repayment rate on its portfolio. More importantly, borrowers were able to build credit, buy cars, start businesses and pay for training that could lead to higher-wage, higher-skilled work. CEO was founded by IRC to bring CEO’s unique model and approach to a larger scale. IRC began lending in 2003 – and CEO’s model today is directly informed by IRC’s 15+ years of experience and iterative improvements, mistakes and breakthroughs. CEO is designed to offer modest loans at affordable rates from within trusted community locations – this formula has worked within IRC’s setting, and we are eager to explore applying the model in different contexts, with different partners and for other populations.
- 网站
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https://irc-ceo.org
IRC's Center for Economic Opportunity的外部链接
- 所属行业
- 金融服务
- 规模
- 11-50 人
- 总部
- New York，NY
- 类型
- 非营利机构
- 创立
- 2015
地点
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主要
获取路线
122 E 42nd St
US，NY，New York，10168
IRC's Center for Economic Opportunity员工
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Zachary Bezold
Educator, Business Advisor, Financial Coach and CDFI Professional
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Senad Voloder
Senior Lending Manager at IRC's Center for Economic Opportunity
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Rahmat Mokhtar
Financial & Employment Coach | Accounts Payable & Finance | Project Coordination | Interpreter | Afghanistan War Allies Advocate.
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Nawfal Hussein
Support Manager at IRC's Center for Economic Opportunity
动态
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Last month, IRC-CEO was awarded a share of grant funding from the California Investment and Innovation Program through the California State Treasurer's Office. The grant funds from this program will support our partnership and programming with the San Diego Food System Alliance.
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Today, our team said "see ya later" to our Executive Director of nearly 20 years, Kasra Movahedi, as he transitions off the CEO team and onto the CEO board of directors. Kasra was CEO's first employee. The team has since expanded to 20 and continues to grow, and we will miss many things about him, including his jokes in our staff meetings. CEO would not be the organization it is today without his vision and leadership. Under Kasra, CEO impacted tens of thousands of individuals, delivering over 9,000 loans and more than $35 million in financing. We will keep stakeholders updated as our board continues the search for CEO's next executive director, but for now, please join us in celebrating Kasra!
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The CEO team is #hiring! We are looking to fill two positions. Are you or someone you know interested in an organization dedicated to providing access to credit for #refugees, #immigrants, and all those seeking to build better lives? If so, you should definitely check out our open roles. 1) Executive Director 2) Partnerships Officer Requirements, compensation, and application process information can be found at the link below. #economicdevelopment #communityfinance #CDFIs
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We’re #hiring. IRC-CEO is searching for our next Executive Director. More information about the role can be found in the posting linked below. Apply here: https://lnkd.in/eghK-aVq "CEO is a CDFI with a national footprint, with a core value to protect and work to the interest of borrowers and to trust their willingness to repay. CEO has made over $35 million in loans to date and is actively working toward expanding scale and scope, with a 5-year vision of a $100 million portfolio. ? The Executive Director is responsible for the stewardship, advancement, sustainability and management of CEO, and for its successful deployment as a tool for advancing newcomers towards financial inclusion positive economic outcomes. The Executive Director supervises a team of over 20 professionals who administer the lending and business operations of the CEO and is accountable for all aspects of the non-profit’s fiscal and legal compliance and financial health, supported by its Board of Directors. The Executive Director provides vision and direction in the development of partnerships and joint ventures with the IRC and other partners to develop innovative, evidence-based, cost-effective programs that increase financial capability and enhance the financial health of newcomer clients and communities." If that sounds like someone you know, we cannot wait to meet them. Please share this opportunity with your networks and anyone who may be interested. #cdfi #economicdevelopment #communityfinance
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Kasra Movahedi, who has led IRC-CEO as Executive Director since it made its first loan in 2015, will transition to the Board of Directors in January 2025, where he will continue to contribute to the organization’s mission and long-term growth. For more information on this transition and future updates from CEO, please read the full announcement on our website.
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Our team members Zachary Bezold and Joshua Geary had a great time at the Opportunity Finance Network Conference in Los Angeles last week! Zach represented CEO in a conference session called "Pathways to Prosperity: Building Resilient Immigrant Communities" with our peers Brenda Loya from One Percent For America, Yanki Tshering from Accompany Capital and Laura V. Arce from UnidosUS (@WeAreUnidosUS). You can read more about the session in BlueHub Capital's post below. The CEO team is already looking forward to the OFN Conference in Washington D.C. next year. #OFN40 #CommunityFinance #ImpactInvesting
Wrapping up OFN strong! ?? At the Pathways to Prosperity: Building Resilient Immigrant Communities session, One Percent For America and Brenda Loya joined Yanki Tshering from Accompany Capital, Laura V. Arce from UnidosUS (@WeAreUnidosUS) and Zachary Bezold from IRC's Center for Economic Opportunity communities. The session focused on tailoring financial products for citizenship financing, homeownership and small business lending. Participants collaborated in small groups to address common barriers immigrants face when reaching financial milestones, followed by a dynamic discussion where insights were shared with the group. Attendees gained valuable, actionable strategies for fostering financial resilience and supporting immigrant communities. #OFNConference #CDFIs #ImmigrantInclusion #PathwaysToProsperity #CommunityFinance #ImpactInvesting #OFN40
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We are one week away from the Opportunity Finance Network's annual conference! CEO's own Zachary Bezold will be sharing his insights in the Pathways to Prosperity session with Brenda Loya, Yanki Tshering, and Laura V. Arce. Come learn how community lenders can empower immigrant communities and support their financial inclusion and prosperity! #OFN40 Will we see you there? Our team is excited to connect with new friends catch up with others in LA!
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We would like you to join us on October 8th for a fast-paced opportunity to learn about 10 groups (including IRC-CEO) from across the U.S., Canada, Senegal and Uganda tackling climate change, access to housing, Indigenous well-being, entrepreneurship for women and BIPOC owners among other topics. Don't miss this exciting event where you will learn about cutting edge funds transforming finance for a regenerative economy! Thank you to Collective Action for Just Finance and Jennifer Astone for their work organizing this event. You can learn more and register at the link below:
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IRC's Center for Economic Opportunity转发了
SDHC congratulates the first group of 17 graduates of the SDHC Achievement Academy’s “Healthcare Career Catalyst for Young Adults” program.??They were honored at a ceremony on August 22. Funded by a grant from The Conrad Prebys Foundation, this program provides Certified Medical Assistant training and life skills support for students ages 18 to 26 with low income who live in the City of San Diego. The training is available at no cost to them. Thank you to The Conrad Prebys Foundation, Western Medical Training Center?and IRC's Center for Economic Opportunity?for partnering with SDHC to provide this opportunity for these students to pursue a healthcare career. #SDHCAchievementAcademy #Healthcare