April’s “Party with a Purpose” (FUSION)

April 21, 2010 at 8:00 am Leave a comment

This Friday (April 23rd) FUSION Saint John will be hosting, in partnership with the Saint John Community Loan Fund, this month’s Party with a Purpose at Steamers Lobster Co. on Water St. from 5:30-7pm.  The following is an article published in the Telegraph Journal on Tuesday, April 2oth 2010.

See you Friday!

This month, FUSION’s Party with a Purpose is being hosted by the Saint John Community Loan Fund and will be an opportunity for party-goers to learn more about how investing with this organization improves quality of life in greater Saint John.

There will also be information available on the training programs offered through the organization.

The Saint John Community Loan Fund is built on investments made by individuals and groups in the city since 1999. These investments are converted into loans to help individuals create income, build assets and attain greater self-reliance by providing business, employment, affordable housing and non-profit loans. It is the only organization of its kind in our region, and the money invested with the loan fund stays in the city, which positively impacts our overall economy.

“We’re going to focus on the investing side of our organization at this event,” says Saint John Community Loan Fund board member Abby Colwell.

“Micro-lending is a really rewarding thing to do. Rather than putting your money into a savings account, you can invest with us and watch it doing good in our community,” Colwell said.

Micro-lending is the extending of small loans to people in need, designed to spur entrepreneurship and encourage fiscal independence in those who do not have the income, assets, or credit history to access traditional credit. People can invest money with the loan fund for as little as $250, for terms of two years or more. Investors have the opportunity to choose where their money is going, to either housing or business and work.

“At the loan fund, we lend small amounts of money out to help people better their situations – often it is to help them get into a better living situation, a new job or help them start a small business,” Colwell said. “We then continue to work with the applicants to make sure things are going well and help them out with any advice we can offer.”

The loan fund offers training programs, which are a support mechanism for those who have received loans, and also a resource open to anyone looking to learn more about creating income, building assets and developing their financial skills. Programs include Enterprising Women, a 20-week program for women who want to start a business in the community; Money Matters, which examines assets, budgeting, banking, consumerism and credit; Power Up!, a 10-week neighbourhood leadership training program for women; YES!, a summer training and business launch program for youth; and the Assets Training Program, a nine-month skills development course.

April’s Party with a Purpose, hosted by the Saint John Community Loan Fund, will take place this Friday at Steamer’s Lobster Co. from 5:30 to 7 p.m. For more information, please visit http://www.fusionsj.com.

Claire Ryan is on the FUSION Saint John board. Reach her at cryan@mtlpr.ca.


Entry filed under: Free Event, Mixer, Social Scene. Tags: , , , , .

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