The predominant force in asset building efforts in Northern Virginia and Washington , D.C. for the past 11 years, ECDC Enterprise Development Group (EDG) has a tradition and commitment to provide alternative financing products and services to people not generally welcomed as customers by conventional, regulated financial institutions.
EDG’s personal and flexible approach to microenterprise development and asset building helps customers overcome a variety of issues that bar them from conventional interaction with banks.
Formed in 1992, EDG is unique in that it is the only non-profit organization that provides microloans, technical assistance, training, and asset-building opportunities throughout the entire metropolitan area of Washington , D.C for largely low to moderate income individuals. A certified Community Development Financial Institution (CDFI) and a Small Business Administration (SBA) Microloan Intermediary, EDG’s qualified professional staff help customers realize their dreams.
As of 2006, EDG trained more than 4,000 people through a variety of programs and provided more than $7.8 million in micro loans to 500 clients and counting. The IDA program has helped 728 people save $954,690, enabling the purchase of $16 million in assets, including 56 homes in the WashingtonDC metro area.
Despite the incredible journey that he has already taken, Alinasr “Ali” Yahya is eager to add new miles. A youthful refugee from the Sudan, Ali came to the U.S. in 2000, and immediately set to work rebuilding his new life.
