Many returning citizens wish to start or grow a small business. Yet for those who have no or impaired credit histories following incarceration, the lack of available responsible credit building financial products makes them more susceptible to the ubiquitous and predatory marketing practices of payday lenders and other fringe creditors. This perpetuates opportunities for returning citizens to fall into cycles of financial instability.
In recognition of these challenges, Credit Builders Alliance released Achieving Credit Strength: A Toolkit for Supporting Returning Citizen Entrepreneurs. This toolkit provides financial capability and reentry practitioners with tools and resources for helping returning citizens to build strong credit, and strong businesses. In conjunction with the release of this toolkit, CBA is hosting convenings in partnership with community leaders that are experts in this space. Participants will have the opportunity to interact with the toolkit and national experts discussing credit building, entrepreneurship and ways to support the financial stability of returning citizens pre- and post-incarceration. See below for more details on each convening.Download the Toolkit
Who should attend: CBA members, non-profit and community-based organizations, municipal leaders, funders, and other stakeholders (including returning citizens) supporting the pre- and post-release efforts of those who are justice exposed. Local and national attendees are welcome. Non-local attendees may apply for a sub-grant of up to $500 to help defray travel costs. Apply here.
About the sub-grant: Credit Builders Alliance (CBA) has a limited number of sub-grants of up to $500 to help defray travel costs for individuals affiliated with nonprofit or governmental organizations* who work with returning citizens (i.e. formerly incarcerated populations), and wish to attend one of three in-person convenings. Individuals seeking travel reimbursement must seek it directly from their organization. CBA will not reimburse expenses directly to any individual.
Organizations interested in participating in a focus group can also apply for the sub-grant. See details below under "other engagement opportunities".
Note: Organizations can choose to apply for funds to attend a convening and to conduct a focus group. If funds are available, organizations may be offered more than one sub-grant.
*If you are not affiliated with a nonprofit or governmental entity and wish to participate in one of the convenings, please contact [email protected] to determine your eligibility to apply for travel reimbursement before completing the survey.