Thursday, April 9, 2009

All Our Kin to launch child care micro credit program

NEW HAVEN — A local agency that supports child care endeavors will launch its family child care micro credit program at a reception at 6:15 p.m. April 16 at 134 Grand Ave., second floor.
The program by All Our Kin, which offers no interest micro loans and matching grants to family child care providers, attracted funding from numerous local philanthropists and won second place in the Harvard Business School Club of Connecticut’s Turbo Award program, the agency said in a statement.
"This project is exciting because it gives family child care providers a way to succeed as business people while also raising the quality of care that children in our community receive," All Our Kin Executive Director Jessica Sager said in the statement. "It’s a wonderful way to invest in children while also investing in community-based businesses. And, because it’s a loan program, these funds will be used over and over again."
United Way of Greater New Haven is funding the matching grants portion of the program. Contributors to the loan fund include: the Annie E. Casey Foundation, the Community Fund for Women and Girls, the Harvard Business School Club of Connecticut, the Lewis G. Schaeneman, Jr. Foundation, Inc., United Illuminating Co., and the William Caspar Graustein Memorial Fund. The Bank of Southern Connecticut and its employees donate their time to advise All Our Kin and to manage the fund.

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