I am the Founder & CEO of Capital Good Fund, a non-profit, certified Community Development Financial Institution that takes a holistic approach to fighting poverty. We provide small loans and one-on-one financial and health coaching to low-income individuals and families. Our mission is to create pathways out of poverty and advance a green economy through inclusive financial services., Since 2009 we have financed over $11 million dollars to 5,000 borrowers with a 95% repayment (as of July 2020).
I am a firm adherent to the dream of Dr. Muhammad Yunus, the 2006 Nobel Peace Prize winner and ‘Father’ of microfinance, to put poverty into museums; or, as I like to put it, to put poverty out of business. My work has been featured in Providence Business News, the Providence Journal, the Providence Phoenix, the Federal Reserve Bank of Boston’s quarterly publication, the Rhode Island Small Business Journal, CNN and other print, radio and television media. I am also a poet whose poetry has been published nearly a dozen journals, including Burningword Literary Journal; Poets Reading the News; The Esthetic Apostle; Mobius: the Journal of Social Change; Dissident Voice; and Swimming With Elephants.
I am proud to be the Treasurer of the Board of Directors of the Credit Builders Alliance, a national nonprofit that enables nonprofit lenders to build the credit score of their borrowers, as well as a member of the Board of the Community Reinvestment Fund, one of the largest nonprofit lenders in the country. I have published my ideas in the Huffington Post, Treehugger.com, and the Stanford Social Innovation Review, to name a few examples.
I believe that creative business models, advanced data analytics, and a mix of market and mission-centered forces can lead to dramatic social change. When not at work, I like to blog, write poetry, ride my bicycle, and spend time with my beautiful wife Bianca, my son Richard, and my Beagle, Chance. Last but not least, I am proud to have been nominated for the 2019 Puschcart Poetry Prize for my poem The Machinery of the State.
My goal is to foster a society that provides meaningful, sustainable and just jobs while protecting and restoring environment. Paul Hawken has called this a restorative economy, and I am fine with that name.
Andy Posner
July 2020
