As part of the first-ever Global Citizen NOW: Detroit summit held today at the new Hudson’s Detroit development, a coalition of local, national, and global organizations – Mona, the Michigan Black Business Alliance, E. Warren Development Corporation, Detroit Hispanic Development Corporation, and Detroit Future City – announced the launch of the “Detroit Access to Capital Initiative” to support small business entrepreneurs across the city.

We’re excited to be featured in the Chicago Sun-Times for our work expanding access to capital for small business owners across Chicago.

The article spotlights Mona’s partnership with Kiva and the Polsky Center, which has supported 23 incredible entrepreneurs secure over $200,000 in zero-interest loans to grow and scale their missions.

Today, the Polsky Center for Entrepreneurship and Innovation at the University of Chicago and mission-driven fintech Mona announced that their new collaboration has connected more than $200,000 of capital to local small businesses, primarily in Chicago’s South Side.