About BCIF

Founded in 2016 and launched in January 2017, the Black Cooperative Investment Fund (BCIF) is a a 501(c)3, community-based organization rooted in self-help economics that provides microloans to the Black community through pooled dollars and raises awareness about the importance of economic empowerment, equity, and wealth building for the Black community.

The organization focuses specifically on the Southern California region. BCIF seeks to create social change for the Black community through the primary strategy of building assets and wealth. We provide microloans through pooled dollars from individuals and companies who are passionate about economic empowerment for the Black community. The long-term vision is to provide a dedicated, reliable, and perpetual source of capital to create assets and build wealth for, and within, the Black community, while also serving as a catalytic force for building a critical mass movement of change based on economic imperatives. We provide affordable, low-interest, low-fee loan alternatives to traditional lenders. All earnings from interest repayments are reinvested into the fund to grow and sustain the fund for long-term usage in the Black community. Annual fundraising goal: $500,000 will allow the fund to distribute 24 – 36 microloans annually, ranging between $5,000 – $20,000.

BCIF MEMBER/DONOR MESSAGES

BCIF TESTIMONIAL – CHNO BRANDS

BCIF TESTIMONIAL – RIDE ON BIKE SHOP

BCIF TESTIMONIAL – RCO TIRES

BCIF TESTIMONIAL – MYAVANA

BCIF provides microloans for the following areas:

  • Growth capital for existing small businesses
  • Capital to start small businesses
  • Capital to secure primary residential or investment property
  • Capital to renovate residential or investment property

WHY IS BCIF IMPORTANT?

African Americans’ economic growth when compared to whites has remained stagnant since the Jim Crow Era. Additionally, the growing American backlash toward efforts to uplift people of color and the general ineffectiveness of traditional (and/or outdated) social justice efforts require African Americans to galvanize its resources to spur economic growth. Economic empowerment is the main tool that will “move the needle” forward for the Black community, yield healthier outcomes, and bring the desired change we seek in general.