Microfinance for Low-Income Entrepreneurs in U.S.

by Lending for Evanston and Northwestern Development
Vetted

Dear Supporters of LEND,

LEND has begun transitions for the new leadership team! We've selected a new president, Kyle Dubuque, who had previously worked as our Director of Marketing & Outreach. He did an exemplary job fostering new client relationships, renewing partnerships with city aldermen, and hosting special speaker events for LEND during his term as Director of M&O. We're happy to have him as our new president, and excited to see how LEND grows in the coming year!

We've also slightly restructured the leadership team to streamline client and internal processes, and hope that the new structure will give more clarity into each leader's and member's role.

LEND has successfully disbursed a loan to a client that runs a unique eatery, and is starting a catering service-- we are excited about supporting her business! We hope to increase the client pipeline once leadership transitions have begun.

This new year will also see increased focus on fundraising through creative means, tapping into LEND's unique relationship with the Northwestern student body.

We greatly appreciate your support and we will make 2017 another great year for LEND!

Sincerely,

Luke Bertolet & Sarah Xie

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

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

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.

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

 

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

Lending for Evanston and Northwestern Development

Location: Evanston, IL - USA
Website: http:/​/​www.lendevanston.org
Project Leader:
Victoria Chi
Evanston, IL United States
$23,091 raised of $45,000 goal
 
288 donations
$21,909 to go
Donate Now Add Project to Favorites

Help raise money for this important cause by creating a personalized fundraising page for this project.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.