Fondo Adelante Archives - Page 2 of 2

Press Release: MEDA Receives $125K U.S. Department of the Treasury CDFI TA Award

Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Oct. 6, 2016 MEDA Receives $125K U.S. Department of the Treasury CDFI TA Award Puts MEDA’s Adelante Fund on the path to becoming a certified CDFI San Francisco, Calif. — The U.S. Department of the Treasury has announced a…

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Adelante Fund Low-Interest Loan Once Again Drives Forward a Mission Small Business

Back in Antigua, Guatemala, Sofia Lopez had a small business selling items like pocketbooks, belts and wallets on the vibrant main square. She had always wanted to run such a venture and was achieving success … until violence compelled her to leave her homeland a decade ago. Now residing in San Francisco’s Bayview, Lopez initially…

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Adelante Fund Small-Business Loan for Mateo’s Taqueria Accounts for Second Location and Jobs for the Community

The owners of 10-month-old, family-owned Mateo’s Taqueria in the Mission aim to have their food bring people together. Judging from today’s lively lunchtime crowd packing the sleek eatery, the savvy business owners are definitely meeting this goal. Around 200 customers a day can be seen savoring Mexican specialties, such as the best-selling fish tacos, at this colorful…

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D’Maize Restaurant Opens in Mission, with Small-Business Development Assistance and a Community Loan from MEDA

With MEDA invited to be part of “San Francisco Small-Business Week 2016” starting May 21, last night was time to celebrate a big win for community-serving enterprises in the Mission. That’s because D’Maize Restaurant – an immigrant-owned establishment – held a ribbon-cutting ceremony for its brick-and-mortar location at 2778 24th Street (between York and Hampshire streets)….

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Qosqo Maky’s Mission to Thrive Aided by Adelante Fund Loan

Juana and Raul Ttito immigrated to the U.S. eight years ago, the doting parents looking to follow their grown daughter … and with the dream of a better life for themselves and their two other children. The industrious couple, who were always artisans, had a successful business for 15 years in the Andean city of…

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MEDA Lends Support as California Reinvestment Coalition and Other Organizations Advocate for State Laws to Stop Payday-Loan Abuses

A look across Mission Street this morning revealed a queue waiting patiently at a payday lender a stone’s throw away from MEDA’s Plaza Adelante. This is unfortunate, as MEDA works to promote financial stability for its over 6,800 clients, with staff knowing that predatory lending is a major issue for low-income communities. This is especially…

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El Buen Comer Gets Adelante Fund Loan to Open Restaurant in Bernal Heights

With its second loan funded this week, the mission of MEDA’s new Adelante Fund to provide vital capital and lending options to small-business owners throughout San Francisco is quickly being put into action. The genesis of Adelante Fund came out of community need. Explains Nathanial Owen (photo, right), who oversaw Adelante Fund’s implementation at MEDA:…

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MEDA’s Adelante Fund Provides First Loan to Small-Business Community

Signing on the dotted line yesterday afternoon, a local catering business had its small-business loan officially funded … and their bigger entrepreneurial dreams made a reality. All courtesy of a $100,000 loan from MEDA’s innovative Adelante Fund. One story to showcase community need When Alicia Villanueva (photo, center) came to this country from Mexico a decade…

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MEDA June 2015 Volunteer of the Month: Cathy Willis

Each month, the Mission Economic Development Agency honors one of its dedicated volunteers—the people who are an integral part of MEDA’s ability to provide free services to low- and moderate-income Bay Area residents. Thanks to all of the selfless MEDA volunteers who choose Plaza Adelante as their second home.  Name: Cathy Willis Program: Community Loan Fund Why…

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MEDA’s New Adelante Fund Starts Offering Small-Business Loans to Low-Income Community

The need MEDA’s new community loan fund — Adelante Fund — is now poised to provide loans to small-business owners who cannot access affordable bank loans. Adelante Fund loans can be used for any business purpose from lease improvements and supplies/inventory to equipment and working capital. Knowing that many small businesses struggle to access the lending capital that…

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