From the Kansas City Business Journal
An agreement between Overland Park-based Bank of Blue Valley and the Women’s Business Center is designed to foster more microloans and help more entrepreneurs make the step to traditional banking.
The Ewing Marion Kauffman Foundation invested $1.2 million in a program in the Kansas City area in 2017 to create a microlending program in combination with the Women’s Business Center, AltCap, Hispanic Economic Development Corp. and Justine Petersen.
The program included a partnership with an entity called Revolve, which facilitates relationships between banks and community development financial institutions. Revolve helps provide incentive for banks to repurchase microloans and recapitalize the nonprofits, freeing up capital for making more micro loans.
Read the full article here: Bank of Blue Valley invests in microlending at Women’s Business Center