Albuquerque, N.M. – Nusenda recently announced a new community lending partner for its microloan program, the Black Chamber of Commerce of New Mexico.  

Nusenda’s Microloan Program (formerly known as Nusenda Co-op Capital) is a character and relationship-based program that provides microloans for low-income and underbanked entrepreneurs. This lending model provides access to capital through educational, cooperative, and nonprofit organizations that provide customized and impactful microloans for the recipients. Underserved business owners and individuals who are looking to make an impact on New Mexico communities can now receive funding through 20 established community organizations. 

“Any time we add a new partner, it expands our geographic reach,” says June Manning, the program manager. “When we help diversify the borrowers we reach, we can make a lasting impact on the future of our state.”  

The Black Chamber of Commerce of New Mexico exists to promote the economic growth of black owned businesses by focusing on education, advocacy, mentorship, and networking. The organization’s goals are to develop economic growth in the greater Albuquerque area. By offering access to relationship-based capital, it will help create entrepreneurial advancement opportunities for businesses who would likely not otherwise have access to needed resources.