Asian Services In Action, Inc. (ASIA, Inc.) is proud to receive ‘The Cocoon,’ an award from the Mission Asset Fund Award recognizing ASIA, Inc.’s credit-building program, Lending Circle. Thet Mar Win (pictured below), Small Business Development Assistant for the Apex Fund for Economic Opportunities (AFEO) program accepted the award on behalf of ASIA, Inc. during the Mission Asset Fund Summit Conference in San Francisco, California. The award recognizes the Lending Circle Program for its diligent and efficient work harnessing the rich culture of saving and lending within Asian American and Pacific Islander (AAPI) communities.
“The Lending Circle also offers some social security,” said Susan Wong, the Chief Program Officer at ASIA, Inc.
“Lending Circle is vital to the communities we serve,” she said. “For many, this is their first step in understanding the American financial system so that one day they are approved for their first debit card, or home loan through a credited banking institution.”
Lending Circle Program is funded through a partnership with the National Coalition for Asian Pacific American Community Development (National CAPACD) and is funded by J.P. Morgan Chase. The peer-to-peer lending program is designed to improve the financial capabilities of each individual. ASIA, Inc. is licensed by Mission Assets Fund (MAF) as an Official Lending Circles Provider.