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Churches Investing in Microbusiness - CGI America 2012 Commitment Announcement

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Published on Jun 11, 2012

At the 2012 CGI America Meeting, Joy Anderson announces a new CGI America Commitment to Action by Criterion Ventures.

CHURCHES INVESTING IN MICROBUSINESS
In 2012, Criterion Institute committed to mobilizing 1,000 churches to invest in micro-businesses by 2018. With an average microloan of $5,000 each church could support approximately 20 businesses over the course of 5 years. In aggregate, this will lead to $100 million of new capital flowing to American micro-businesses. This commitment will reach 20,000 small business owners, create jobs, and secure more livelihoods. Criterion will facilitate dialogue between business, churches and micro-lenders, build an awareness campaign to demonstrate new ways churches can support micro-business models in their communities, and work with financial intermediaries, such as micro-lenders, to design models that equip them to work with churches in order to engage in micro-lending. Most importantly, Criterion will be responsible for capturing, packaging, and spreading knowledge on how to reshape relevant market systems to better engage churches in supporting micro-businesses and marginalized populations.

More information about this CGI America Commitment available here: http://www.clintonglobalinitiative.or...

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