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Fifth Third is investing $1.2 million in the Cincinnati Access Fund. LISC of Greater Cincinnati & Northern Kentucky will raise the rest of the money needed to bring the fund up to its $3.5 million total. The City of Cincinnati has committed a $2 million loan loss reserve for the fund, which will serve ...
In Greater Cincinnati, the Kiva partnership is just one economic development program LISC uses to help entrepreneurs. But it is a particularly powerful one, David said, because “Kiva is based on character, not credit.”