Austin Community Foundation
 

FundATX 2017 Impact Report

Austin Community Foundation has invested $700,000 to support local projects that help close the opportunity gap and make Central Texas a more vibrant place to live and work for everyone.

 
 
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Grameen America is dedicated to helping women who live in poverty build small businesses. They offer microloans, training and support to transform communities and fight poverty in the United States. 

 
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$7.9MM in 4,725 loans dispersed in the Austin area  

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2,335 women entrepreneurs served in Austin 

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111,000 hours of job training provided in Texas 

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99% repayment rate


The Community Loan Center of Austin provides affordable consumer financial products as an alternative to predatory lending. 

 
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Average cost of consumer loan is 300% less than a payday or car title loan 

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59% Latino, 26% African American, 60% female, 61% low to very low income individuals 

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98% repayment rate 


PeopleFund creates economic opportunity and financial stability for underserved people by providing access to capital, education and resources to build healthy small businesses. 

 
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$6MM loans outstanding in Central Texas that

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52% of loans go to start ups and 7% to nonprofit organizations in Austin area 

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5,541 hours of training provided to small business owners in Austin 

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445.5 jobs were created in the Austin area 

 
 
 

FundATX Supports

  • Financial Resilience

  • Affordable Housing

  • Fair Financial Products

  • Entrepreneurship

  • Local Small Business Growth

  • Underserved Populations

PIPELINE & PENDING INVESTMENTS

  • Affordable housing investments 

  • Additional entrepreneur and small business lending CDFIs