5. Low-income Business Lending

6. The Challenge of

7. Low-income Business Lending There are very few options The Challenge of

8. Low-income Business Lending There are very few options Banks: high collateral The Challenge of

9. Low-income Business Lending There are very few options Banks: high collateral Microcredit: high interest rates The Challenge of

10. Low-income Business Lending There are very few options Banks: high collateral Microcredit: high interest rates CDFIs: prohibitive regulations The Challenge of

11. Low-income Business Lending There are very few options Banks: high collateral Microcredit: high interest rates CDFIs: prohibitive regulations Coops yet another step harder The Challenge of

12. Changing Finance Reform current institutions Tap into anchor institutions Build new institutions

13. Start from community: build around their need Building from Scratch

14. (The Working World Model) No personal guarantees Building from Scratch

15. (The Working World Model) No personal guarantees Non-extractive loans Building from Scratch

16. (The Working World Model) No personal guarantees Non-extractive loans Risk shared by the community of borrowers Building from Scratch

17. (The Working World Model) No personal guarantees Non-extractive loans Risk shared by the community of borrowers Intensive technical assistance Building from Scratch

18. Vision for the future Community-owned Controlled by members Community risk sharing Non-extractive lending Education & technical assistance Toward a new finance: