Summer 2014 Newsletter
ACCESS Community Capital Fund (Canadian Registered Charity) is a Community Loan Fund that helps small and emerging businesses in Toronto to access capital by providing loans up to $10,000. By granting small loans to local entrepreneurs, ACCESS Community Capital Fund is contributing to the community as a whole - helping more people to become self-sufficient through entrepreneurship. Check out our Annual Reports to learn about our past activities. For any inquiries please contact Ann Lockhart at alockhart [at] accessccf [dot] com.
The purpose of this newsletter is to keep our clients, donors, investors, volunteers and interested community members in the loop with all things ACCESS. In this newsletter:
- General Overview of Progress in 2014
- Invest in ACCESS - and a Special Thanks to our Current Investors
- Activities and Events
- Community Chapter News: Featured Chapter - Black Creek MicroCredit Program
- ACCESS Granted: Featured Client
- Upcoming Events and Call for Volunteers
Reflecting on a Year of Growth
ACCESS has come a long way in the past year. We've launched and supported successful microloan programs/chapters in Lawrence West - in partnership with the North York Community House and Southwest Scarborough - in partnership with Warden Woods Community Centre; we are currently exploring options for a chapter in York South Weston (Weston Mt. Dennis). We've built on previous success in Thorncliffe Park in partnership with Thorncliffe Neighborhood Office, in Regent Park with Dixon Hall Employment Services Centre, in East Scarborough with East Scarborough Storefront, and in Black Creek in partnership with the Black Creek Community Collaborative. The commitment of our clients, volunteers, and the staff at our chapter locations, have all helped a great deail in serving local entrepreneurs.
We received funding from Citi Foundation and the Metcalf Foundation for both capacity building and chapter development activities. This funding has allowed us to develop new chapters and improve our processes and programs across the city.
We also received a three-year Community Grant from the Ontario Trillium Foundation to conduct outreach across the Greater Toronto Area. We are very proud of our partnership with the Ontario Trillium Foundation and are eager to maximize this initiative to grow our program's impact and reach, and to develop strong supports for our clients.
A Special Thanks to our Current Investors!
Our Investors are an essential part of our community. They loan us funds to form part of the Guarantee Fund which allows us to lend to deserving entrepreneurs across Toronto. Without them we could not support our clients through the extension of credit. We appreciate their essential continued commitment!
Investors are invited to get in touch with ACCESS to learn more about what we do and how you can support us.
Activities and Events
Featured Activity: Launch of the Warden Woods Business Club - Southwest Scarborough Chapter
The Warden Woods ACCESS Business Club was launched on June 24th. The club is a unique venue for monthly networking, educational and business support activities in the Southwest Scarborough Community. With 30 attendees, an entrepreneur speaking about their busines, and a panel of experts and community members, the event was a great succes with current and future business owners enjoying networking activities well into the evening. The club will meet on the first Wednesday of every month from 6-8pm at the Warden Woods Community Centre at 74 Firvalley Court. Membership is open to all. Please email info [at] accessccf [dot] com with questions or to RSVP for the next club meeting.
Community Chapter News
Featured Chapter: Black Creek MicroCredit Program
The Black Creek Microcredit Program is in good health. The Loan Review Committee at Black Creek is a dedicated committee that works hard to support local applicants and entrepreneurs. The committee meets on the last Wednesday of the month at the Jane and Finch Community Ministry. The Black Creek Microcredit Program Steering Committee meets regularly to provide guidance for the loan review committee and to oversee the program as a whole.
The committee was led by Yamoa Apea for two years until February 2014 when he handed the leadership over to Co-chairs: Peter Ruta and Janet Neilson. We wish Yamoa the best in his future pursuits.
Left: Black Creek Loan Review Committee Members: (left to right) Lakhbir Rahul, Joy Blake (staff), Shinobu Ohno, Yamoa Apeak, Peter Ruta, Jean Barrett, Giovanni Gonzalez, Eric Cheng Right: Black Creek LRC Meeting in progress.
ACCESS Community Capital Fund
Black Creek Community Chapter
107-36 Marsh Grass Way
M3N 2X4 Canada
Phone: 416 747 5616
Featured Client: Karen Torres - Kreative Treasures
We would like to spotlight a new client every quarter to demonstrate both the versatility and uniqueness of business plans we receive.This month’s client is Karen Torres - the founder and owner of Kreative Treasures, a corporte and social events business. Please check out Karen's website for all your event planning needs. Please also check out this video showcasing her business.
Upcoming Events and Call for Volunteers
Monthly ACCESS Business Loan Information Sessions and Workshops - 215 Spadina Avenue. Please RSVP by emailing: RSVP [at] accessccf [dot] com or calling 416 462 0496. - August 11th 7:00pm-8:30pm, 215 Spadina Ave, 1st Floor - Whole Connector Room
- September 8th 6:30pm-8:00pm, 215 Spadina Ave, 1st Floor - Whole Connector Room
- October 6th 6:30pm-8:00pm, 215 Spadina Ave, 1st Floor - Whole Connector Room
- November 3rd 6:30pm-8:00pm, 215 Spadina Ave, 4th Floor - Alterna Savings Meeting Room
- December 1st 6:30pm-8:00pm, 215 Spadina Ave, 1st Floor - Whole Connector Room
Weekly Small Business Drop-In Centre
4:00PM-6:00PM every Monday at the Thorncliffe Neighborhood Office, 1 Leaside Park Drive, Unit 7. To RSVP please email Mike Scotland at info [at] accessccf [dot] com or call the Thorncliffe Neighborhood Office at at (416) 467-0126.
Warden Woods Business Club - Southwest Scarborough ACCESS Microloan Program
6:00pm - 8:00 pm, 74 Firvalley Court - Held monthly on the first Wednesday of the month. Upcoming dates include August 6th, September 3rd, October 1st, November 5th and December 3rd. To RSVP email: info [at] accessccf [dot] com or check out the club's Event Page.
Lawrence West Micro-finance Program Info Session
5:00pm - 7:00pm, Thursday, August 7th, 2014, North York Community House, Lawrence Square Mall, Suite 226, 700 Lawrence Avenue West. Please RSVP by emailing: info [at] accessccf [dot] com or calling 416 462 0496.
Toronto International Microfinance Summit
Saturday, October 4th, 2014, Allstream Centre, 105 Princes' Blvd, Exhibition Place, Toronto.
Would you like to get involved?
Volunteers are central to meeting ACCESS’ goal of creating economic sustainability through entrepreneurship. There are various areas for involvement in a volunteer capacity. ACCESS is currently recruiting mentors.
- Mentors: ACCESS mentors assist our clients during the repayment phase to achieve specific business objectives. Read more about this position here.
Donations provide the key operating funds to ensure we are able to deliver the programs and services currently offered to our clients. Please donate generously.
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June 5th, 2014
Toronto Star Business Club
Giving Entrepreneurs and New Canadians a Micro-Loan Boost
June 3rd, 2014
Toronto Star Business Club
Entrepreneur Seeks Top Executives as Clients
February 6th, 2014
Scarborough Mirror: Micro business loans available for Warden Woods Residents
November 12th, 2013
Trust.org - Thompson Reuters Foundation: Canada learns from Bangladesh about ways to tackle poverty
June 3rd, 2013
Financial Post: Finance Tips for all Business Sizes and Sectors
December 26th, 2012
Toronto Star: Microloans helping Regent Park Entrepreneurs get ahead.
November 9th, 2012
Fringe Entrepreneurs: Struggling to Secure Start-Up Cash? Look Here
August 27th, 2012
Test your knoweldge of Small Business in our Small Business Quiz
Small Business Quiz
March 21st, 2012
Ryerson University's The Job Spot Blog
ACCESS Granted: My Experience as a Social Media & Marketing Intern
March 14th, 2012
Ryerson University's The Job Spot Blog
The Dangers of Social Medi(ocrity)
November 28th, 2011
Ontario Trillium Foundation supports innovative community program: The School for Social Entrepreneurs Ontario
September 30th, 2011
Cuppa Change's Blog
The Microfinance Summit… Bean There, Dunn That
September 9th, 2011
Social Housing Today's Blog
[UPDATE] School for Social Entrepreneurs Coming to Ontario!
September 7th, 2011
SEE change Magazine
School for Social Entrepreneurs in Ontario: Learning through doing
August 1st, 2011
Toronto Star Newspaper
New avenue to fund social and environmental change
July 16th, 2011
VERTICAL REVIEW's Website
Conscious Care Underwear
June 10th, 2011
Youth Service Network's Website
**MEDIA RELEASE** Micro-Loans Opening Doors for Entrepreneurs in Thorncliffe and Flemingdon Park
National Ethnic Press and Media Council of Canada's Website
Micro-loans Program to Help Community
The Canadian CED Network's Website
Video: Meet the Impact Investors, Access Community Capital Fund
April 26th, 2011
BLACK INK Magazine
Micro-Credit Program to Jump Start the Black Creek Business Community
April 19th, 2011
MaRS' YouTube Channel (MaRScentre)
Social Innovation Series – The Best (and Worst) Practices of Social Finance
(Watch 27:08 - 35:12.)
April 14th, 2011
Social Finance Practitioners Share Experiences
April 9th, 2011
The Best and Worst in Social Finance
March 15th, 2011
Community Loan Fund Makes Business Dreams Reality
March 8th, 2011
Getting Entrepreneurs Access to Financing
January 12th, 2011
The Globe and Mail Newspaper
Lenders start to loosen purse strings
Corporate Knights' Website
Small Loans, Big Impacts
December 8th, 2010
Centre for Social Innovation's Website
Social Finance Census 2010
June 7th, 2010
SRI Monitor's Blog
Canadian Responsible Investment Conference Preview: Impact Investing: Problem solving while profit seeking
February 20th, 2010
The Globe and Mail Newspaper
Encouraging the entrepreneurial spirit
February 18th, 2010
The Caribbean Camera's Website
Micro-financing gives businesses in troubled community a chance
February 5th, 2010
Canada Newswire's Website
$2 Million in grants to support skills-building, create job prospects and foster entrepreneurship
January 15th, 2010
Access Community Capital Fund: providing loans to social enterprises
May 8th, 2009
York University's yFile Website
York economics professor works to ease the credit crunch
September 18th, 2008
New name and expanded services for Access Riverdale