Juan Hernandez III, CEO of a nonprofit lending fund, has made about 17 loans to Latino entrepreneurs and business owners across Sonoma County, California.
Hernandez was able to provide the loans averaging $33,000 each after his organization received a two-year, $100,000 grant from the Latino Community Foundation’s Latino Entrepreneurship Fund in July 2021. He says the money from the community foundation helped his nonprofit secure more funding from other foundations and corporations, such as Wells Fargo, enabling his fund to do more lending.
