MicroLending Academy

The MicroLending Academy helps microlenders expand their capacity, skills, capital resources and technology adoption.

CAMEO is committed to increasing microlending in California by supporting our members to expand their capacity, skills, capital resources and technology adoption. CAMEO is creating a new program — the MicroLending Academy.

OUR GOALS

  • Significantly increase microlending among its members. An aspirational goal is five-fold growth.
  • Assist members to increase capacity and knowledge of best practices.
  • Showcase and support the adoption of technology for operations efficiency and loan production.
  • Promote access to capital for disadvantaged entrepreneurs.

THE RATIONALE

  • Microenterprise is a pivotal part of job creation and economic development in California.
  • Existing organizations meet only about 0.10% of current microfinance needs.
  • Microlending has been a high-touch, labor intensive endeavor, making it expensive, suppressing supply.
  • New internet-based technology is changing the microlending process, allowing for cost reduction, increased efficiency and volume.
  • The new technology is bringing new players into the field, increasing competition for loan ready borrowers.

WHAT IT TAKES

Access to Capital: appropriate for microlending

+

Serving the Disadvantaged: commitment, practices and products

+

Technology: tools to lower cost and improve quality

+

Best Practices: build staff capacity and lending systems

=

Increased Number of Microloans!

LENDING ACADEMY FEATURES