Higher Purpose Co Receives $10,000 Grant from the Solidago Foundation

Clarksdale, MS - The Solidago Foundation recently approved a $10,000 grant to elevate the work of Higher Purpose Co. “We are thrilled to support Higher Purpose Co. and shine a national spotlight on the organization’s work addressing the barriers to economic security while building bridges to opportunity in the Mississippi Delta.” said Solidago Foundation Program Officer Pierre Joseph. 

“The Solidago Foundation has a demonstrated history and commitment to supporting community-based organizations nationally, working to shift structural inequities and build power for low-income communities of color.

It is critical that national funders look to the leadership of organizations like Higher Purpose Co. to seek out new models, tackle new challenges, and use their national platform to provide broader understanding from the field to the national funder landscape. Our involvement not only sustains this great work but serves as an example of the many tiered support needed for transformational change.”

For more information about the Solidago Foundation visit: https://www.solidago.org

Higher Purpose Co. expands Capital Access Program with Communities Unlimited

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(Ryne S. Gipson, Sr. COO of Higher Purpose Co., Deborah Temple, Director of Lending, Communities Unlimited, and Tim Lampkin, CEO of Higher Purpose Co.)

Higher Purpose Co. (HPC) recently partnered with Communities Unlimited (CU) to provide capital to underserved entrepreneurs in the Mississippi Delta area. The partnership with CU expands HPC's capital access program which was launched last May with the micro-lender Kiva. HPC has helped several entrepreneurs receive affordable capital to launch or expand their business in the region. "We are excited to partner with Communities Unlimited to provide an additional option for entrepreneurs to receive the financing they need for their business. CU is a nonprofit CDFI which gives them more flexibility to work with entrepreneurs at various stages. The interest rates are affordable and CU will consider various kinds of collateral in order to help entrepreneurs have their own business. We believe ownership is critical to building community wealth throughout our region" said Ryne S. Gipson Sr, Cheif Operating Officer of Higher Purpose Co. Entrepreneurs in the following counties Coahoma, Bolivar, Sunflower, Tunica, Washington, Tallahatchie, Quitman, and Leflore are eligible to receive assistance with their loan application and required documents required to apply for funding. HPC will work directly with entrepreneurs during the entire process and provide additional business support services as needed. Borrowers can request up to $100,000 to support their business. Credit will be considered but will not be the only factor determining approval. Some clients will be referred to free credit counseling prior to applying for a loan. Interested entrepreneurs should complete the client intake form here and select access to capital for their business need. For more information please email team@higherpurpose.co or call 662-592-5273.