{"id":107,"date":"2017-10-12T09:00:19","date_gmt":"2017-10-12T16:00:19","guid":{"rendered":"http:\/\/newsincerity.wpengine.com\/?p=107"},"modified":"2023-05-22T05:07:34","modified_gmt":"2023-05-22T05:07:34","slug":"bootstrapping-a-community-out-of-poverty","status":"publish","type":"post","link":"https:\/\/www.kilde.org\/new-sincerity\/bootstrapping-a-community-out-of-poverty\/","title":{"rendered":"Company Helps Poor Build Credit, Ladder Out of Poverty"},"content":{"rendered":"

Statistically, Jose Quinonez should have been doomed. As a 9-year-old he came to the US from Mexico, newly orphaned. Fast forward 3 decades and he\u2019s got two prestigious degrees, a successful business and a MacArthur grant under his belt.<\/p>\n

A ton of work and some help from his community led Jose to UC Davis and then Princeton before he founded the Mission Asset Fund<\/a>.<\/p>\n

The Fund\u2019s designed to help low-income communities put informal lending circles on paper so that their transactions help the community build credit. This snowballs into bigger opportunities, like starting a business or buying a house.<\/p>\n

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Mission Asset Fund team. Photo: MAF<\/figcaption><\/figure>\n

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The non-profit helps funnel the loans to people who really need it, like immigrants applying for Deferred Action for Childhood Arrivals (DACA).<\/p>\n

“This isn’t just a recognition of me. It’s a recognition of the ingenuity of our community, of the people who have to find a way to survive under the hardest circumstances.”<\/p>\n

It\u2019s that work that impressed the folks at the MacArthur foundation. They just awarded Jose their \u201cGenius Grant<\/a>\u201d for his ingenious to solution a problem that\u2019s both common and crippling to low-income communities.<\/p>\n

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Need $495 to renew #DACA by next week? We have got your back. Get full fee assistance at LC4DACA.org #heretostay #dacarenewal #dreamers<\/a><\/p>\n

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