Capital Partners Program is a one of a kind comprehensive program that offers business training and education, group support, networking opportunities and loans to self-employed business owners and entrepreneurs with limited access to capital.
Unique to other micro-loan programs, Capital Partners encompasses comprehensive business management training and networking opportunities to pure start-up ventures. The peer lending structure, which works like a business incubator, was designed to provide support and guidance to entrepreneurs and assist in creating quality business networks as a way to keep the businesses informed about resources, trainings, and best practices for developing their venture. In the program a person is required to form a group of 3 – 8 participants with other business owners. This partnership will help people learn to work with each other toward a common goal. Once a group is in place, RISE is going to train them how to be better managers of their business and how to work in a partnership.
Access to a loan and credit rebuilding is another aspect of the program. Many people in Southern California cannot get traditional bank loans, even small-business loans, because they don’t have any credit, they’re already in debt, have a bad credit history or are just considered a bad risk for one reason or another. RISE makes loans available for this community. People are not required to have collateral; RISE is not going to look at tax returns and credit history. All RISE needs are two forms of identification, proof of 6 months of residency and proof of other sources of income The loans come in a stepladder form. The first step is for $500 and goes up from there to $5,000. RISE is not asking for any financial information; these are all 'character-based' loans.
Capital Partners is a results oriented and proven program derived from the principles of the Grameen Bank and a replication of the Working Capital program. Muhammad Yunus, founder of the Grameen Bank, was awarded the 2006 Nobel Peace Prize for his efforts to create economic and social development; Working Capital Program won the Presidential Award for Excellence in Micro-Enterprise Development in 1997 and 2001.
Program participation requirements:
Two forms of identification.
Proof of 6 months of residency.
Proof of other sources of income.
A clear business idea or existing business
Time to commit to the program
4060 S Figueroa St
Los Angeles, CA 90037
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