The Bay Area Racial Equity Fund: Looking Back at 0% Lending One Year Later
BayREF provided more than $2 million of 0% loans and free financial management advising to BIPOC-led nonprofits responding at the forefront of the pandemic. One year after the last loan closed, 100% of BayREF’s borrowers are current, and the default rate across the portfolio is 0%. We look forward to sharing our insights as we continue to learn from this pilot program.
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