Impact Alpha named Elyse Cherry its Agent of Impact for her decades of working to build healthy communities, and upon the launch of BlueHub's newest nonprofit initiative One Percent for America.
"Payday loans. Car loans. Student loans. “One way to describe our economy is that it’s about draining every ounce of equity out of the neighborhoods that you possibly can,” says BlueHub Capital’s Elyse Cherry, “while complaining about people who don’t pay.”
In contrast, BlueHub’s mission is to build healthy communities by putting equity back in.
The Boston-based community development financial institution this week launched One Percent for America, a portal for simple, unsecured 1% loans to cover the naturalization fees for immigrants eligible to become citizens.
It’s Cherry’s latest effort to tweak tools that have created wealth for middle- and high-income people to solve problems for low-income communities."