Browsing Category Archives

Based on “New Mexico”.

New Mexico consortium aims to expand lending in low-income communities

Entrepreneurs in low-income and immigrant communities often lack access to capital that could help expand their businesses, thereby easing generational poverty. These business leaders, moreover, tend to rely on informal lenders who offer small, costly, high-interest loans that can lead them into a debt cycle.

RCAC Loan Fund lends nearly $8 million to rural communities

West Sacramento, Calif. — In the quarter ending Dec. 31, 2018, Rural Community Assistance Corporation (RCAC) closed 22 loans totaling nearly $8 million to support rural communities in Alaska, California, Idaho, New Mexico and Washington.

Drought in American Southwest worsens

Most of Arizona, Colorado and New Mexico are experiencing severe drought, and meteorologists are expecting conditions to worsen, according to the National Drought Mitigation Center.