Word: programming
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Dates: during 2000-2000
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...really been encouraged by this new programming staff," she says. "They've been incredibly forward thinking in looking at the program's structure. They're very proactive in looking at the long-term and ensuring its sustainability...
...Program leaders say HOP functions more like a bank than a traditional service group, based on a model of social enterprise...
...repayment of loans has been a major problem for HOP in the past. Over the past several years repayment rates have sunk to less than 50 percent. Because the program operates as a revolving loan fund--relying on incoming payments to fund new loans--the loss of payments creates a severe drain on the group's capital...
...boost their level of capital, program leaders say this semester they are focusing primarily on fundraising, and will be offering fewer loans to clients...
...program received its support from the Harvard faculty, with about a dozen professors making individual contributions...