Lending for Evanston and Northwestern Development

LEND is dedicated to fighting poverty within Evanston by empowering and supporting the entrepreneurial aspirations of our neighbors. By offering small loans and consulting services to local entrepreneurs, LEND encourages the development of innovative businesses that enrich the Evanston community. Utilizing the unique skills of Northwestern's talented student body to support our clients through comprehensive, rigorous and systematic training, LEND seeks to create an environment in which low-income Evanston residents can obtain the business skills and capital they need to realize their entrepreneurial dreams.
Jul 25, 2016

LEND Summer 2016 Report

Dear Supporters of LEND,

LEND ended spring of 2016 with a larger potential client pipeline than ever before. Our marketing and outreach team has been co-hosting events on Northwestern's campus and all around the Evanston community. In May, LEND partnered with two Northwestern business organizations to host an event about social impact in business with speakers from Chase Bank, Deloitte, and Youth & Opportunity United. Over 100 NU students were in attendance. LEND members also hosted a social media in marketing workshop with local businesses, aldermen, and industry expert Carly Arbuckle. 

As we break for the summer, several LEND members remain in Evanston managing client accounts and keeping our presence in the community. Our executive board is working hard to revamp our new member on-boarding process as the school year draws closer. 

Finally, LEND looks to the fall and 2016-2017 school year with the goals of increasing our loan pool, strengthening our client pipeline, and keeping a strong presence in the Evanston community. We will be on-boarding a new member class of freshmen and sophomores in October and hope to have them working with clients as soon as possible. 

We greatly appreciate your support and we will continue to make 2016 LEND's strongest year to date. 

Sincerely,

Luke Bertolet & Sarah Xie

Jul 25, 2016

LEND Report

LEND is receiving timely loan payments from its current seven loan clients - and had a very successful quarter of external outreach. The marketing team held a social impact synopsium in May in partnership with two other student groups.The turnout for which was great, the speakers promoting relevant discussions on how we can use business skills to help solve the many problems facing non-profits & local communities. The next week, LEND held a social media marketing workshop with industry expert Carly Arbuckle, which yielded a great turnout with plenty of local SMB owners.

 

LEND disbursed another loan to William Reed and his construction business, while Floyd Johnson and Kathy Leichenstein completed their loans. Currently, the group has two loans in the pipeline, for which the loans packets are being constructed and being pitched to the board this summer break.

Apr 26, 2016

LEND Springs into Spring

Dear Supporters of LEND,

Spring 2016 has just begun, and LEND has welcomed its new presidents and executive board. LEND is pleased to transition a new Chairman of the Board from Northwestern University and hopes for a fruitful and exciting new relationship. We are hoping to continue expanding our reach on the campus by opening a university chapter of our organization at Northwestern, and not only spread awareness of microfinance to Northwestern students, but also garner interest in the organization's activities among the college students throughout 2016.

This spring, LEND has also been working hard to establish an stronger presence in the Evanston community. With new support from a bank in Wilmette, LEND hopes to continue reaching out to new clients and preparing them for traditional loans through larger financial institutions. Already this quarter, we are evaluating opportunities to involve the bank's staff in our activities and engage them with Northwestern students at a Spring banquet focused on social impact in the workplace.

Finally, LEND has been working towards providing a loan for a local business in Evanston that has survived for 6 years on its own, and seeks to expand its services through LEND's help. Through improved relationships with Evanston aldermen, LEND hopes to reach out to other communities in Evanston that might not have heard of LEND's services by planning block walks throughout the different wards. LEND's members will be trooping through Evanston's streets in small groups, telling businesses about the newest event LEND has planned: a Social Media marketing training session!

We greatly appreciate your support and enthusiasm for LEND. We hope to continue our efforts to help empower and support small businesses in the Evanston community.

Sincerely,

Luke Bertolet & Sarah Xie

 
   

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