The Opportunity Fund is a leading microlender to small businesses in the San Francisco Bay Area – creating jobs and economic activity by providing small loans to Bay Area entrepreneurs and small businesses.
The San Francisco Foundation’s Program-Related Investment Fund provided a $500,000 loan to The Opportunity Fund that will be leveraged to make upward of $1.5 million to small businesses that are unable to access bank financing due to their size, credit history, or lack of collateral.
As of June 2013, Opportunity Fund had $6.6 million lent out to small business owners in the Bay Area. The low and moderate-income borrowers selected by The Opportunity Fund are all women or ethnic minorities.
Read A Delicious Return on Investment a post about Onigilly, one of the small businesses launched through this loan, and profiled in The San Francisco Chronicle.