ADC Makes History, Receives the Number One Business Lender in Minneapolis Award for a Third Year

ADC is pleased to share that for the third year in a row, the organization was named the Number One Business Lender by the City of Minneapolis. This is the first time any organization has received this award for three years. The only organization to be recognized more than once is Franklin Bank, which had previously been recognized for two years.

The award is a reflection of the work carried out by the organization’s talented business development team, under the leadership of Director Hussein Farah who has been with the organization since ADC’s inception and helped create the department’s foundation and services. Senior Lender Nasibu Sareva, and business staff Abdirashid Said, Farida Mohammud, and Abdikadir Sugulle each served a critical role in implementing the organization’s mission and achieving this recognition.

For many people, ADC facilitates the road to economic independence and self-sufficiency, and ultimately helps people realize their goals. Empowering immigrants not only serves this population, but will also have a rippling effect on the economy as a whole. “We benefit from the muscle and brain power of immigrants. Our city’s economy is and always has been immigrants,” said Mike Christenson, the Director of the Community Planning and Economic Development (CPED) at the City of Minneapolis.

“We are thrilled and honored to receive this award. We believe this is a reflection of our hard work in the community, and the commitment our clients maintain as they continue to start small businesses and fuel our economy,” said Hussein Samatar, Founder and Executive Director of ADC.

The Business Development team has already dived into a busy first quarter, and will likely beat lending and training projections for 2010. ADC’s business team consists of 4 individuals who work tirelessly to carry-out technical assistance, training, and lending to the African communities of Minnesota. CPED has held an active role in ADC’s business development efforts, and this award highlights the crucial partnership with Minneapolis. According to Christenson, the success of ADC’s work with the city is a result of Minneapolis’s openness to ADC’s savvy and innovative products and services.