(June 6, 2023) Calvert Impact hosted a webinar with 60 Decibels, Community Reinvestment Fund USA, Local Initiatives Support Corporation (LISC), TruFund Financial Services, and Access to Capital for Entrepreneurs (ACE) to discuss results from the recently released 60 Decibels report on the SOAR Fund.
Key Takeaways:
SOAR partnered with existing local CDFI's to streamline access to funds for borrowers.
Per the 60_Decibels report, the experience of borrowers working with CDFI's was overwhelmingly positive.
97% of borrowers feel confident they can repay the loan.
The SOAR Fund was able to reach a more financially remote part of the country. Only 41% of SOAR Fund recipients have prior loan access.
Click here to view the SOAR "Learning from the Southern Opportunity and Resilience Fund" presentation.