Posted on Feb 7, 2019 in | 0 comments

Rende Progress Capital is a Community Development Financial Institution and  community loan fund that provides investment with a focus on racial equity.

Their mission is to serve what they have identified as the Excluded Entrepreneur: business owners of diverse ethnic backgrounds who have been excluded from traditional investment and loan opportunities for reasons of bias and socio-economics. The fund uses an innovative racial equity system to inform its lending decisions.  

As part of its mission to build economic development, Rende also offers business technical assistance to its clients and runs venture capital training “boot-camps.” They currently operate in Michigan with plans to expand to Maryland, Virginia, and Washington DC.