I have worked with Celina Pena, Accion Texas‘ Chief Program Officer, to launch several CAMEO member organizations into the Microlending Management System for their business lending risk assessment and underwriting. I’ve facilitated these organizations through the organizational and system change required to use MMS effectively.
MMS is an online system for community lenders that operates similarly to Lending Club and other online lenders. A quick online application determines in minutes if a borrower is eligible. If the borrower qualifies, s/he uploads a few documents, the deal is underwritten in a couple of days by Accion Texas’ crack team.