tag:blogger.com,1999:blog-4698895439201397935.post2828918315444037960..comments2023-06-23T05:45:35.754-04:00Comments on The Nonprofit Life: What Do Our Customers Need?Andyhttp://www.blogger.com/profile/05877031130103782794noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4698895439201397935.post-42502807598409791122013-12-09T12:41:43.736-05:002013-12-09T12:41:43.736-05:00I like the idea that individuals can use Capital G...I like the idea that individuals can use Capital Good Fund as a type of pseudo-credit line because it does two things: first, it creates an additional type of investment in CGF -- goodwill for the client means they have a reliable place to draw financial support, when they have a future need; second, it reduces the likely hood that the client will damage their credit and not repay their loan because they are more inclined to preserve their goodwill; and finally, it helps the client manage their finances better because there is an alternative to other sources of credit typically available to low-income individuals, such as credit cards and payday lending.<br /><br />Also, as our technology improves, human intensive actions like manual review and application signing will be more automatic. I think that the major difference between a large financial institution that grants credit within half an hour and a smaller organization that takes typically 24-48 hours is the ability to automatically service loans and clients using technology. The key factor that is not static is the price and reach of technology -- it will continue to become better, more affordable, and accessible for many smaller non-profits.Jose Fonsecahttps://www.blogger.com/profile/10121167484304208464noreply@blogger.com