Many things in life happen without warning, whether it be illnesses, accidents, or really anything. Unforseen life events are common, and many go on to hurt the futures of their victims. However, though common, many large institutions remain empathetic to those affected by situations like these. As a result of such events, people may have no credit history, or a very poor credit record. That is why Access Community Capital Fund is so great. This organization was formed approximately two decades ago in hopes to assist promising entrepreneurs who presented solid plans to action financial support. To add to that, the organization also provides consultation and mentorship resources, two services that are definitely valuable to a new entrepreneur. Individuals must undergo an application process where “ the abilities, skills and commitment of the applicant in conjunction with the strength of the business plan are key decision criteria.” This is important, because it shows how the organization is helping people, but more importantly, helping the right people. They aren’t just throwing money to whoever wants it, but actually giving it to people who will use it resourcefully and appropriately. An organization like this is beneficial to the city for a few reasons. First, it creates new businesses that potentially hold new ideas that have never been introduced to the city before. This adds to the diversity pot that is Toronto. Furthermore, it also creates new jobs in the city. Overall, this organization is great and I urge you to check it out! I’ll be linking the organization’s website below.
Until next time!
-Andrea
Access Community Capital Fund: https://401richmond.com/tenant/access-community-capital-fund/
BLOGGING THE JUST CITY 2020 