RIN-CEO Social Impact Fund Closes $1.5M Raise to Support Financial Inclusion for Refugees Across the U.S.

Dec. 8, 2020 -The SIF was launched as a partnership between the International Rescue Committee’s Center for Economic Opportunity (IRC-CEO) and the Refugee Investment Network (RIN) to offer impact investors a unique opportunity to secure a concessional rate of return while directly supporting financial inclusion for hundreds of refugees across the United States. Working as an intermediary and expert …

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Ajwara finds financial freedom four years after resettlement

Nov. 18, 2020 – Story pulled from IRC Baltimore – read it here. By Trieuvan Nguyen, financial coach and job readiness training specialist  In January 2020, the IRC in Baltimore reached out to several clients who might benefit from participation in a newly launched financial capabilities program. Ajwara Didumo, a former refugee who worked as a child development officer …

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Think Progress: This Car Loan Program For Refugees Has a Lower Default Rate Than the National Average

Oct. 31, 2017 – Article from Think Progress highlights effectiveness of our Auto Loan program. “Refugees given small loans to buy a car as they build a new life in the United States are more likely to pay back those loans at a higher rate than their credit scores might suggest, a new brief by …

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San Diego Union Tribune: “Refugee Auto Loan Program May Be Model to Help Low-Income Families With Financing”

Oct. 26, 2017 – Article from San Diego Tribune highlights success of Auto Loan program. “Clients of a lending program that began at a San Diego refugee resettlement agency are more likely to pay back their loans successfully than their credit scores indicate, according to a report released Thursday by the International Rescue Committee.” Read …

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Financial Capabilities for New Americans: Lessons from Early Intervention with Refugees

May 2017 -A report published by the IRC on key findings from work with over 2400 new Americans. New Americans are a vital part of the United States’ communities, culture and economy; supporting full financial inclusion for refugee and immigrant families through financial capability interventions is a critical step towards ensuring their integration and success. …

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