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Q&A: New finance chair has bold plans at Northwest Area Foundation


Duane Carter has been with the Northwest Area Foundation since 2016, and in his second year as chair of the nonprofit’s investment committee, he manages the investing capital for the foundation’s endowment.
In this role, Carter plans to not only continue supporting the foundation’s priority communities, but also to ensure these communities can survive and thrive on their own terms, he said. In the midst of the pandemic and racial reckoning, the foundation is also allocating more funding to help communities in need.
The Northwest Area Foundation, based in St. Paul, supports efforts by people, organizations and communities to reduce poverty and achieve sustainable prosperity. Its region includes Oregon, Washington, Idaho, Montana, North Dakota, South Dakota, Minnesota, Iowa and 76 Native American nations. ....

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Iowa Community Capital expands microlending reach to Black community


Iowa Community Capital expands microlending reach to Black community
$500,000 grant from Wells Fargo will boost program’s capacity
Friday, January 15, 2021 6:00 AM
Before the pandemic, business was “going really well” for Margaret Ajawin’s north Des Moines grocery and specialty shop, African Express. 
The South Sudanese immigrant started the small shop in 2015 to provide a selection of native grocery items tailored to the immigrant communities from African countries. Using microloans from Solidarity Microfinance for buying inventory, she built up a steady clientele and over time broadened her offerings to African clothing as well as jewelry, hair products, cosmetics and beauty products. She also got a license to sell beer, wine and cigarettes.   ....

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