Since 1985, Opportunity Finance Network(OFN) has provided $3.8 billion low-income communities and individuals with the opportunity to fund their business or their home loans in 44 states. Granted, Opportunity Finance Network (OFN) has the pledge to provide an opportunity for all. Unquestionably, their track-record for creating 934,00 jobs, funding 1.5 Million housing units, 9,800 community facilities, 143,00 business and micro-enterprise companies the ability to survive through economic recovery during a recession is certainly gaining my respect as an entrepreneur. Opportunity Finance Network (OFN) is determined to target the needs of the “underserved” population. Which I might add is a great way of stating the problem met by many Americans during layoffs or low paying jobs. Opportunity Finance Network serves the needs of low-income families, people of color, women, rural populations and communities to enhance grow and to assist them to flourish, during hard times. Opportunity Finance Network (OFN) requirements support the need of the members ideas to expand their current business presence in their uncharted communities. Also, there is a three-day workshop which gives the member the opportunity to understand, ask questions and gain access to all CDFI organizational possibilities. Opportunity Finance Network (OFN) advantages offer a credit union style banking the furnishes the new entrepreneur with credit-builder loans, anti-predatory loans, check-cashing services, bilingual services, financial counseling and venture capital funds.The disadvantages to getting a loan are explaining all of your business plans to someone you don’t know and if you get a loan paying it back promptly while maintaining revenue to keep your company running. Opportunity Finance Network (OFN) located in two major cities Philadelphia, Washington DC. However, they have OFN staff throughout the US and tour many different cities promoting the many different programs. Opportunity Finance Network website at www.ofn.org/
In the same way, First Nations Oweesta Corporation(OWEESTA) has provided funding opportunities for Native American community for the last 15 years.First Nations Oweesta Corporation have many types of financing opportunities like financial education, matched savings programs, entrepreneurship, homebuyer education, credit counseling and loan programs. First Nations Oweesta Corporation have many types of financial services like checking, savings, consumer loans, business loans, housing loans, etc. Native CDFI (NCDFI) works to assist in investment funds, banks, credit unions/associations and venture capital institutions.First Nations Oweesta Corporation requirements include current and historical financial statements, portfolio reports, loan policies, present and past financial statements, and a comprehensive business plan or comparable information. First Nations Oweesta Corporation primary advantage is geared towards the advancement of Native Americans, Alaska Natives, and Native Hawaiians. Unquestionably, this program is supporting a minority group of people that need an encouraging step up to advance more services for their community; it is a disadvantage to another minority group that has a need that needs funding in the development of their business ideas. First Nations Oweesta Corporation(OWEESTA) can be supported and contacted at their website at http://www.oweesta.org/
In final consideration, Opportunity Finance Network (OFN) and First Nations Oweesta Corporation(OWEESTA) are strongly rooted organizations that support entrepreneur’s the ability to fund dreams for the betterment of their communities.
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