José Quiñonez's guest appearances

José Quiñonez

Pacific Exchanges

In the Business of Change

Anand Giridharadas

Paul Klein

Jeff Gibbs

Jesse Moore

Jen Perry

Gillian Tett

Tim Nash

Jim Estill

Simon Johnson

Bryan Manning

Chris Magwood

Barry Eichengreen

Paul Taylor

Ilana Ben-Ari

Sasha Kramer

OwlTail

In episode four of our series Financial Inclusion &amp; Beyond, we spoke with José Quiñonez, the founding chief executive officer of Mission Asset Fund (MAF) and a visiting professor at UC Berkeley, Department of City and Regional Planning. MAF uses innovative national models for integrating financially excluded, low-income communities into the mainstream. We sat down to discuss how the formal financial system leaves credit invisible (individuals without a credit background) behind. José discussed how MAF is helping those that have typically been left out get integrated into the formal financial system. MAF is drawing on the rich tradition of lending circles to help the low-income and immigrant communities develop a credit history and join the financial system. Key takeaways from the discussion include:   José draws on his experience and insights from working with the local San Francisco immigrant community and shares his view on how to improve financial inclusion and financial health. Low-income individuals traditionally are secondary users of financial products. Banks and fintechs can ‘meet people where they are,’ by building products to address the primary concerns of the low-income community. The growing awareness of financial inclusion and financial health reflects a broader understanding that there are more systemic issues at play that keep many low-income individuals credit invisible. Having a bank account is only the first step towards financial actualization. For poor people to manage complex financial lives, financial services providers, regulators and non-governmental organizations all need to come up with innovative solutions tailored to specific needs of underserved users.  Please note that the initial interview was recorded prior to the onset of the COVID-19 crisis.  Related Content  Lending Circle Program Evaluation Released  Clearing the Path for Lending Circles  Financial Emergency Action Plan for Immigrants  The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or of the Federal Reserve System.

In episode four of our series Financial Inclusion &amp; Beyond, we spoke with José Quiñonez, the founding chief executive officer of Mission Asset Fund (MAF) and a visiting professor at UC Berkeley, Department of City and Regional Planning. MAF uses innovative national models for integrating financially excluded, low-income communities into the mainstream. We sat down to discuss how the formal financial system leaves credit invisible (individuals without a credit background) behind. José discussed how MAF is helping those that have typically been left out get integrated into the formal financial system. MAF is drawing on the rich tradition of lending circles to help the low-income and immigrant communities develop a credit history and join the financial system. Key takeaways from the discussion include:  <ul> <li>José draws on his experience and insights from working with the local San Francisco immigrant community and shares his view on how to improve financial inclusion and financial health.</li> <li>Low-income individuals traditionally are secondary users of financial products. Banks and fintechs can ‘meet people where they are,’ by building products to address the primary concerns of the low-income community.</li> <li>The growing awareness of financial inclusion and financial health reflects a broader understanding that there are more systemic issues at play that keep many low-income individuals credit invisible.</li> <li>Having a bank account is only the first step towards financial actualization. For poor people to manage complex financial lives, financial services providers, regulators and non-governmental organizations all need to come up with innovative solutions tailored to specific needs of underserved users.</li> </ul> Please note that the initial interview was recorded prior to the onset of the COVID-19 crisis.  Related Content <a href="https://www.missionassetfund.org/lending-circles-evaluation-released/" rel="nofollow" target="_blank"> Lending Circle Program Evaluation Released</a> <a href="https://www.missionassetfund.org/clearing-the-path-for-lending-circles/" rel="nofollow" target="_blank"> Clearing the Path for Lending Circles</a> <a href="https://missionassetfund.org/wp-content/uploads/2019/07/Financial-Emergency-Guide-for-Immigrants.pdf" rel="nofollow" target="_blank"> Financial Emergency Action Plan for Immigrants</a> The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or of the Federal Reserve System.

José Quiñonez on Seeing the Credit invisible

How one social entrepreneur is pulling the financial invisible out from the shadows The post Creating a Fair Financial Marketplace: In Convo with José Quiñonez appeared first on SEE Change Magazine.

How one social entrepreneur is pulling the financial invisible out from the shadows The post <a href="https://www.seechangemagazine.com/creating-fair-financial-marketplace-convo-jose-quinonez/" rel="nofollow" target="_blank">Creating a Fair Financial Marketplace: In Convo with José Quiñonez</a> appeared first on <a href="https://www.seechangemagazine.com" rel="nofollow" target="_blank">SEE Change Magazine</a>.

Creating a Fair Financial Marketplace: In Convo with José Quiñonez