HMFI aims to empower individuals by promoting financial independence and stimulating economic growth in the DC area. We offer a committed partnership that helps small business owners excluded from the commercial lending system grow their businesses by providing affordable access to capital.
About Us
In 2009, HMFI gave out our first loan to Bernardo, allowing him to finance a new refrigerator for his food truck. From this initial loan, Bernardo saw great growth in his business, and HMFI accompanied his success with a second loan. Eventually, Bernardo’s business grew to a point where he was able to open up his own brick-and-mortar store. Today, Bernardo still runs the same store and is able to fully sustain himself and his family through his growth.
Aisha owns and operates an Ivorian catering company that serves weddings, festivals, and other private events. Aisha learned to cook by her grandmother’s side in the Ivory Coast, and she hopes to someday open her own restaurant. HMFI met Aisha through one of our Community Development partners, Empowered Women’s International (EWI). Through her loan, Aisha registered as a vendor for the “Around the World Cultural Food Festival” in Washington, D.C. Reaching thousands of attendees, Aisha shared her excellent Ivorian cooking and received a big boost to her sales.
Dorothy attended HMFI's Group Financial Coaching sessions as an active participant. Through her dedication, she completed all five modules and learned new financial literacy skills. According to Dorothy, 'I had an experience in a bank a week ago and I understood what they were talking about because I first got my start from here with HMFI.'
Outreach Events Attended
Group Financial Coaching Sessions Hosted
Total Loan Capital Outstanding
Total Loan Capital Closed
Every contributed dollar helps HMFI disburse more Small Business Loans, conduct more Group Financial Coaching sessions, and empower more people in the DMV area. HMFI relies on our donors to ensure our financial viability and expand our capacity for growth.
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