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A Shared Initiative, Inc. is committed to the economic empowerment and mobility of low-to-moderate income families and small businesses. Our collective vision with our sister affiliate, ASI Federal Credit Union, is the elimination of poverty in all the communities we serve. We believe that providing communities access to wealth creation is the greatest and best way to eradicate poverty.
ASII has grown its programming significantly since our inception in 2006. Our Financial Education and Counseling Program has a growing identity within the community. Through the financial education program, we have educated over 1500 households on the concepts of saving and improving credit. In addition, we have counseled over 100 households through foreclosure avoidance approaches.
ASII has an experienced business lending team, which has garnered increased public awareness and growing support from the local business community. We have deployed tens of thousands of dollars to startup and struggling small businesses, helping these entrepreneurs grow their businesses, create jobs and facilitate the provision of goods and services upon which our communities rely. In addition to direct lending, ASII also provides technical assistance and coaching. We recently completed a project through the state of Louisiana’s Department of Social Service to provide technical assistance to individuals and businesses affected by the BP Oil Spill. Many of the services offered included: claim filing assistance, tax assistance, bookkeeping, and general financial counseling and advice. Through this initiative we assisted more than 170 individuals and small businesses.
ASII believes that charity first starts at home, and to every extent possible we serve as a community resource for our surrounding neighborhood, the St. Claude community. Since moving into the neighborhood in summer 2009, we have provided our neighbors with Volunteer Income Tax assistance, a back to school drive, and a community-wide health fair. Thus far our community programming has helped 273 households in our own backyard.
We provide education to the public as well as employees of our partners in the private, government, and nonprofit spheres on personal money management and financial products and services.
Access to affordable capital is the most important factor limiting the establishment, expansion, and growth of small businesses, particularly for minority business owners. ASII can help.
ASII addresses these problems and helps residents fulfill their dreams of home ownership through credit & debt counseling, first-time home buyer education, and foreclosure intervention counseling.