CAMEO’s MMS program is in it’s fourth full year. Since the inception of the program, the number of loans has increased by 166% and the loan volume by 174% (see above graph). In 2016, lending grew by 38% across the entire cohort. MMS users made 186 loans in 2016, for a total loan volume of $3.6 million. The average loan size was $19,512. Half of the participating organizations grew their lending activity:
- MEDA increased number of loans by 866%,
- Opening Doord increased number of loans by 121%, and
- Fresno CDFI increased number of loans by 28%!