Irc's Center For Economic Opportunity
Financial Services, Po Box 152188, New York, 92195, United States, 1-10 Employees
Phone Number: +16*********
Who is IRC'S CENTER FOR ECONOMIC OPPORTUNITY
CEOs origins can be traced back to the International Rescue Committees (IRC) efforts to help newly- arrived refugees and other low-income families climb the economic ladder. Lack of credi...
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Headquarters: Po Box 152188, New York, New York, 92195, United States
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Date Founded: 2015
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Employees: 1-10
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Revenue: $1 Million to $5 Million
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Active Tech Stack: See technologies
Industry: Financial Services
SIC Code: 6159
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NAICS Code: 813319 |
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Frequently Asked Questions Regarding IRC's Center for Economic Opportunity
Answer: IRC's Center for Economic Opportunity's headquarters are located at Po Box 152188, New York, 92195, United States
Answer: IRC's Center for Economic Opportunity's phone number is +16*********
Answer: IRC's Center for Economic Opportunity's official website is https://irc-ceo.org
Answer: IRC's Center for Economic Opportunity's revenue is $1 Million to $5 Million
Answer: IRC's Center for Economic Opportunity's SIC: 6159
Answer: IRC's Center for Economic Opportunity's NAICS: 813319
Answer: IRC's Center for Economic Opportunity has 1-10 employees
Answer: IRC's Center for Economic Opportunity is in Financial Services
Answer: IRC's Center for Economic Opportunity contact info: Phone number: +16********* Website: https://irc-ceo.org
Answer: CEOs origins can be traced back to the International Rescue Committees (IRC) efforts to help newly- arrived refugees and other low-income families climb the economic ladder. Lack of credit and access to consumer financing was immediately apparent as a significant barrier to prosperity for IRCs clients and not only for refugees, but for low-income immigrants and non-immigrants alike. Finding partnerships with existing lenders that could reliably, consistently, and affordably extend financing to its clients proved elusive, and so IRC began to offer loans directly and did so in tandem with their anti-poverty social service efforts. By 2016, the IRC had made more than 3,000 loans totaling $3 million -- primarily to low-income refugee and immigrant borrowers -- while maintaining a 94% repayment rate on its portfolio. More importantly, borrowers were able to build credit, buy cars, start businesses and pay for training that could lead to higher-wage, higher-skilled work. CEO was founded by IRC to bring CEOs unique model and approach to a larger scale. IRC began lending in 2003 and CEOs model today is directly informed by IRCs 15+ years of experience and iterative improvements, mistakes and breakthroughs. CEO is designed to offer modest loans at affordable rates from within trusted community locations this formula has worked within IRCs setting, and we are eager to explore applying the model in different contexts, with different partners and for other populations.
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