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About
Us
Establishing
ones own business is something most of us aspire to do
in our lifetime. Success, however, mandates adequate self-sufficiency
and empowerment to build and sustain a high quality of
life.
Many
Arizonans are unable to share in these benefits, particularly
minorities and low-income families who often lack access
to affordable credit.
PMHDC
is committed to serving low-income people in rural Arizona
through greater access to local capacity-building resources
and affordable financial products.
OUR
HISTORY
PPEP
Microbusiness and Housing Development Corporation, Inc. (PMHDC)
was incorporated as a non-profit corporation in Arizona in
1977 and as an affiliate of Portable Practical Education Preparation,
Inc. (PPEP). PMHDC has a 23-year track record of providing
services to the people of rural Arizona, especially low-income,
Hispanics, Native Americans and farm workers. PMHDC is the
largest provider of alternative housing and business financing
in rural Arizona. PMHDC was certified as a Community Development
Financial Institution (CDFI) by the U. S. Department of Treasury
in 1996 and recertified in July, 2000.
Microlending
- Arizona Style
Tucson’s
PPEP finds a market niche helping fledgling entrepreneurs
grow their businesses.
By
Jonathan J. Higuera
Frank
Ballesteros feels like a modern-day Robin Hood. But instead
of stealing from the rich, he borrows from the U.S. Small
Business Administration and other financial institutions and
lends to the working poor.
For
more information on the PPEP Microbusiness and Housing Development
Corp., visit its Web site at www.azsmallbusinessloans.com.
Jonathan
J. Higuera is a business writer at the Arizona Daily Star
in Tucson.
"We
show Hispanic-owned companies how to manage money and what
cash flow is," says Frank Ballesteros of PPEP, which
has loaned more than $10 million to micropreneurs" since
1986.
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