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Rooted in Resilience
Local entrepreneurs and nonprofits thrive with a CDFI in their corner
In downtown Long Prairie, a once-empty century-old building now hums with life. At Viva Bar and Restaurant, owners Gabrier Perez and Miozoti Nieves have turned a vacant space into a lively gathering spot with six renovated apartments adding much-needed housing.
In Waite Park, Gladys Winkelman’s African Pinkylicious Salon is thriving under a new lighted sign that boosts the visibility of her business. And in Sauk Centre, Eagle’s Healing Nest, once near closure, is again supporting veterans through renewed leadership and stability.
Each success was supported by the Initiative Foundation—a U.S. Treasury-certified Community Development Financial Institution. Through flexible microloans, partnerships and coaching, the Foundation and its Impact Fund fill often-overlooked financing gaps that help entrepreneurs and nonprofits thrive.
Read the fall edition of IQ Magazine to see how mission-driven lending is transforming communities across Central Minnesota.
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