42 Pageviews Read Stories
Causes: Microfinance, Small Business Development
Mission: To stimulate economic opportunities through loans, technical support and partnerships
Programs: Economic/community development - revolving loan program (direct loans and cd pledge loans) assists individuals that are otherwise unable to obtain financing to start or expand their business. In this fiscal period, nesdec made 59 loans totaling 5,181,278, creating or retaining 1,153 area jobs. As of september 30, 2017 nesdec had 302 outstanding loans and 7 cd pledges totaling 16,412,748.