CAMBA Economic Development Corporation

Brooklyn NY


CAMBA EDC began operations in mid-2000 as the financing arm of the Church Avenue Merchants Block Association (CAMBA). The EDC provides micro-loans to small businesses owned and operated by immigrants, refugees, and other low-income residents of central and southern Brooklyn.

CDFI Awards for CAMBA Economic Development Corporation


FA (2009) - $600,000

CAMBA Economic Development Corporation is a certified CDFI established in 1999. In partnership with its parent organization, CAMBA Economic Development Corporation promotes economic revitalization through to underserved small business owners, entrepreneurs, and low-income immigrant refugees and other disadvantaged persons in central and south Brooklyn, New York. It provides microloans, entrepreneurial training, technical assistance, financial literacy programs, foreclosure prevention programs and linkages with other community partners. CAMBA Economic Development Corporation operates a microenterprise loan fund and will use its FY 2009 Financial Assistance award to make micro-loans to its Target Market.



SECA (2001) - $200,000

The Fund"s $50,000 technical assistance award will help the EDC develop loan policies and procedures, enhance its client database, upgrade its computer and phone systems, and refine its strategic plan. The $150,000 grant will help capitalize the EDC"s loan pool, enabling the CDFI to make small business loans of up to $20,000.



SECA (1999) - $50,000

CAMBA EDC will use the TA grant to upgrade and purchase new technology conduct a market analysis and for board and staff training.



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