In December, The Rockefeller Foundation and Chan Zuckerberg Initiative announced 10 grantees of the Communities Thrive Challenge, a $10mm effort to expand economic opportunity for low-income and financially insecure people and communities across the country.
Two of the grantees, MoFi and South Carolina Community Loan Fund, are OFN members, and each received $1mm grants. Below are videos produced in conjunction with the awards. They do a great job of demonstrating the impact of our members.
“MoFi puts capital in the hands who otherwise wouldn’t have it from a bank,” says Dave Glaser, President of MoFI.
He continues, “MoFi operates in the northern Rockies and its cities are isolated from one another by gigantic mountains and vast plains. That separation can make it that much harder to be economically vibrant. Much of our work is to bolster and encourage new businesses and new industries to move into this area, create jobs, and economic vitality.”
“Our loans are more than just transactions. They actually change the trajectory of people’s lives,” says Anna Lewin, CEO of South Carolina Community Loan Fund.
“There has been a traditional disinvestment in low-income communities in South Carolina that’s really led to some startling opportunity gaps,” she continues.