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,

atessema@ecdcus.org Tel: 703-685-0510 (Ext.258)

3411 Bank St

Baltimore, MD 21224

Tel: 410 545 6518 (Ext.24399,

24401)

Aaizire@ecdcus.org

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