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.
Oct 26, 2016

LEND Fall 2016 Report

Dear Supporters of LEND,

LEND started this fall by finishing up recruitment. We onboarded a mix of freshmen and sophomores for a total of 9 new members. The new members will be staffed on projects within the month. 

We are looking to the future by strengthening our client pipeline and focusing our efforts on findraising. We plan to revamp our Business Training Program to promote consistency for the future. LEND will be transitioning new executive board members in the coming quarter. We expect to have one loan completeted and two more disbursed by January of 2017 - including one for a local catering company. 

We greatly appreciate your support and we will continue to make the 2016-2017 school year a great year for LEND! 

 

Sincerely,

Luke Bertolet & Sarah Xie

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.

 
   

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