The CBP Helping Hands Fund
The Helping Hands loan is a $500 INTEREST FREE microloan.
The fund is targeted to help low to moderate income individuals attain self sufficiency through entrepreneurship.
It has the potential to lift people out of poverty and give them back their dignity by helping them to supplement the family income with a small income patching business.
A typical CBP Helping Hands Fund borrower is a client who fits one or more of the following criteria:
A potential Helping Hands client must have received 5 hours of counseling/training from CBP. A lengthy business plan is not required; however, the client will need to write a short feasibility plan to understand the process. CBP teaches that the process of writing a business plan is as important as the plan itself.
All loan recipients are required to attend a mandatory monthly meeting with their peers to make their monthly loan payment and discuss any challenges they are currently facing. Income for the past month will be discussed and goals for the upcoming month will be set. This meeting gives borrowers a chance to network with their peers and work together toward finding solutions for themselves and each other. The chance to network and brainstorm with peers is invaluable to the success of any small business.
Anyone interested in this loan, and who fits the above criteria of 5 hours of counseling/training and has a short business feasibility plan should contact Karlene in the BFC. Any client who wants to work towards this loan should take advantage of the classes offered by CBP to complete the 5 hours of counseling/training and for help in writing the required feasibility business plan.