Thanks to loans and donations from the LENDonate network of investors, the organization was able to pursue new projects to improve their financial outlook. They have now paid back the loan and are ready to enhance their services again!
The team at Visión y Compromiso (Vision and Commitment) had a strong plan for their future — but no easy way to bring it to life. Traditional financing models were not accessible to them, and they needed help to fully pursue the earned-income opportunities that would transform the financial and programmatic future of the organization.
Established in 2000, Visión y Compromiso (VyC) is the leading organization in California providing training, leadership and ongoing advocacy and support to community health workers.
A strategic decision in 2018 was made to expand the client base to include private organizations, such as hospitals, to diversify its funding source from 100% public funding. While they have had exciting initial success in signing new contracts, the cost of growth outpaced receivables.
With the $100,000 bridge loan from LENDonate, VyC was able to maintain their staffing levels, get caught up on pending receivables, and have some breathing room to apply for additional grants and contracts. After stabilizing their financial operations, VyC is pursuing strategic growth opportunities, including expanding their client base to increase the number of community health workers who are prepared to advocate for the good of their communities in culturally relevant ways.
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Established in 2000, Visión y Compromiso (VyC) is the leading organization in California providing training, leadership and ongoing advocacy and support to Promotores and Community Health Workers. Promotores are highly skilled community members/leaders.
VyC is in a program expansion period. Your support of this bridge loan is needed to enable VyC to continue to invest in the organization’s growth and staffing. They need time to let earned income catch up with upfront expenses. A strategic decision in 2018 was made to expand the client base to include private organizations, such as hospitals, to diversify its funding source from 100% public funding. While they’ve had exciting initial success in signing new contracts, the cost of growth has outpaced receivables. VyC is asking for your help so they can continue to provide resources, education and tools to the underserved Spanish speaking communities across California.
