EDG Quartely Issue
EDG’s Services
We promote opportunities for self-sufficiency to low and moderate
income people through sustainable economic and community
development initiatives.
Our Services include:
Business loans (restaurant, market, transportation…)
Business training and financial coaching
Credit builder loans
Free personal tax filing services
Car loans
EDG’s Brief History
ECDC, our parent organization, started its
refugee Microenterprise Development
Program in 1992 with a loan of $25,000
from ORR.ECDC became a Microloan
Intermediary lender for Small Business
Administration (SBA) in 1994. EDG is a
nonprofit organization that was established
in 2001 to provide loans and business
support for small businesses.
Now we serve low and moderate income
people throughout the entire Washington
DC Metro as well as Baltimore area.
EDG’s Quarterly Perfoprmance
From Oct. to Dec. 2018
No. of loans Loan amount
Oct 8 $188,653.27
Nov 8 $203,254.43
Dec 6 $153,679.07
22 $545,586.77
WHO WE ARE:
Enterprise Development Group (EDG) is a non-profit organization, a
Treasury-designated CDFI, an SBA micro-lender, and a Community
Advantage participant that provides microfinance, rental, and technical
assistance to low-to-moderate income individuals.
focus
EDG’s services, Brief
History; EDG’s Quartely
performance 1
FINANCIAL TIPS 2
EDG’s Vision and Mission
statements 2
ISSUE I | VOLUME I | 2018
NEED TO START
YOUR
BUSINESS? Call Us Today!
Financial Tips
Credit Card Safety Tips
There are a number of ways thieves can get their hands on your credit card number. To prevent this:
Keep your card private. Don’t let anyone see it when you’re out in public.
Don’t give your card information over the phone unless you initiated the call and you’re talking to a bank or merchant you trust.
Never answer an email that asks for your account number or personal information, even if it looks like it’s from your bank or a reputable company or organization.
Consider paperless statements and making payments online to remove your sensitive information from the postal system. It’s also a good idea to shred documents with sensitive personal information prior to disposal.
Source: Better Money Habits/Bank of America
,
Don’t Make Transactions on Open Networks When there’s no password required to access a wifi network, unencrypted data can be visible to any computer nearby. These other computers may be able to intercept information you’re transmitting and receiving from websites that don’t have “https” in the URL.
That means you could be sending your credit card number or other personal information right into the waiting hands of an identity thief.
Bottom line: Never enter your credit card number when using unsecured public wifi networks if you’re not sure whether the website uses SSL Source: www.creditcardinsider.com
EDG’s Mission
Statement
The Enterprise
Development Group
(EDG) promotes
opportunities for self-
sufficiency to low and
moderate income
people through
sustainable economic
and community
development initiatives.
901 South Highland Street, Arlington, VA
Abnet A. Tessema,
[email protected] Tel: 703-685-0510 (Ext.258)
3411 Bank St
Baltimore, MD 21224
Tel: 410 545 6518 (Ext.24399,
24401)
www.EntDevGroup.org
EDG’s Vision
Statement
EDG’s vision is to become a
leading community
development corporation that is
“product driven” and
recognized as the “leader” in
the delivery of micro-loans, IDA
programs and other financial
products and services.
EDG’s vision is to be a
leader and partner in
promoting opportunities for
economic self-sufficiency and
community development.
Credit Builder Loans
If you want to improve your credit score please visit EDG
Free financial advise
Credit Builder Loans: Small Loans ($500-$1000), paid over a 6-month period (that can establish or improve credit).
FREE
Personal
Tax Filing
Service
Visit our office
From
January to
April, 2019