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Organization - Enterprise Development Group (EDG)


Organization Details:

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Enterprise Development Group (EDG)
Last updated on October 18, 2013

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EDG promotes opportunities for self-sufficiency to low-to-moderate income people through sustainable economic and community development initiatives.

EDG accomplishes this mission through the provision of individual micro-loans, ranging from $500 to $35,000, business training, and pre-loan and post-loan technical assistance, which promotes the growth of micro-enterprises owned by low to moderate income entrepreneurs.

Since FY 2001, EDG has operated an Individual Development Account (IDA) program which is a ‘two to one’ matched grant savings account program that assists low income refugees and asylees to purchase an asset such as a car, computer, house, business, or secondary education, recertification or vocational training.

In late 2003, EDG started a Car Loan Program to enable low-to-moderate income people in the DC metro area with limited credit histories purchase vehicles without paying excessively high interest rates. Adequate transportation to attend school and maintain employment in areas not fully served by public transportation is an important component of economic self-sufficiency and independence.

EDG is an Intermediary Financial Lender of SBA and a member of CDFI. It is the only organization that operates in the entire metropolitan area of Washington , D.C.

Description:
The Enterprise Development Group (EDG) is a non-profit, tax-exempt 501(c) (3) headquartered in Arlington, VA, serving the Washington, DC metro area. It is a Community Development Financial Institution (CDFI) and a Small Business Administration (SBA) Intermediary Lender.

History:
The ECDC Micro-enterprise Development Program began in 1992, with a grant from the U.S. DHHS Office of Refugee Resettlement (ORR) and was expanded in 1994 with a grant from the SBA to serve all low-to-moderate income entrepreneurs.

In October 2000, this program became the Enterprise Development Group (EDG) – a separately incorporated 501(c)(3) non-profit subsidiary of ECDC. ECDC is a non-profit community-based organization that has served the D.C. Metro area since 1983.

EDG provides micro-loans, technical assistance, and training throughout the entire Washington, DC metropolitan area.

It offers educational, skills building and social service programs to help refugees and immigrants from around the world build lives of self-sufficiency to become productive members of their new society.

Contact person: Chona Bravante, Program Manager, (703) 685-0510 x 273, (email)


Main office number: (703) 685-0510
Office fax number: (703) 685-4200

Address:

 901 S. Highland St.
Arlington, VA 22204
(See a map)

Web Site: http://www.enterprisedevelopmentgroup.org

Directions:

   Nearest Metro/Subway Stop: Ballston Metro (Orange Line)
  Nearest Bus Stop: From Ballston, take bus 23 A
Last updated on October 18, 2013

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2100 Clarendon Blvd. Arlington, VA 22201 Tel: 703-228-3000 TTY: 703-228-4611