Women’s Economic Ventures
Devon Johnson, WEV’s Business Loan Manager, and I worked together to help WEV launch the Microlending Management System (MMS) for its lending program.
I’ve been coaching WEV and several organizations to help them learn the system and adapt their lending procedures to take advantage of MMS’ capacity.
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.
Using MMS, Devon has been able to double the volume of deals she can manage at one time.