Nearly 40% of New Orleans is not properly served by financial institutions.
That’s 51,000 households without necessary access to savings, loans, and credit.
What if the world of finance, seemingly part of the problem, could be utilized for the advancement of everyone, regardless of income level? At Fund 17, we believe that every New Orleanian deserves equal opportunity to success. We are a non-profit microfinance institution operated by a team of hardworking and passionate Tulane students. Our mission is to combat income inequality in all seventeen wards of New Orleans by providing financial tools for self-empowerment.
Incorporated in the summer of 2012, we are a new, innovative, and growing organization seeking to offer educational community seminars and microloans to the unbanked and underbanked population throughout the city of New Orleans. We are an impact-driven organization striving to develop city-wide partnerships in order to create a community network for all clients and borrowers.
For more data on banking inequality in New Orleans, visit BankOn.