Programs & Services
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- In 2006 ADC trained 65 entrepreneurs through workshops and technical assistance. We also received invitations to serve growing African communities in East St. Paul and five smaller cities in greater Minnesota.
- Since 2005, ADC has leveraged $5.7 million in business loans through private financial institutions, government programs, other community development nonprofits and its own micro-loan fund, now exceeding $1 million.
- ADC is a partner in the Midtown Global Market, the largest public market in Minnesota. Eight ADC clients have opened businesses there to date.
- Four ADC clients purchased commercial real estate in 2006, up from two each in 2005 and 2004.
- Since 2005, 44 business clients attained Islamic-compliant financing. We are now working to set up a similar mechanism for home loans.
- Maintained a default rate of 10%, a figure in line with bank averages for commercial lending and well below the default rates in emerging markets.
- ADC has trained more than 200 families via the Homestretch curriculum, with our own value-added financial literacy training. Thirty percent of these families have purchased a home, more than doubling the Homestretch average of 14 percent.


