As a mother of three, Danise knows first-hand about the struggle for New Orleans families to find affordable, quality childcare. After ten years of being in the childcare industry, she pursued her dream and opened Creative Hands Daycare & Preschool Center, a home-based family childcare center. Danise has operated a successful business for the past two years as she has been committed to her mission to provide quality care to children at an affordable price. Because of Louisiana state regulations, Danise was only able to provide care to six children in her home, but she knew the New Orleans community has a much greater need for her services. “I want to provide more children the opportunity to receive quality care. There are more than six children and families who need and deserve it,” says Danise when asked why she wanted a larger space.
Danise recently signed a lease for an 8,000 sq. ft. space in a great location to position her center for growth. Kiva funds will enable her to purchase all of the equipment she needs for her new classrooms and allow her to accommodate the new families who are on the center’s waiting list.
About ASI Federal Credit Union
ASI Federal Credit Union has been experiencing an increased rate of defaults. This is possibly related to the experimental nature of the loan products the organization provides. In order to serve asset-poor communities in New Orleans -- including many still recovering from Hurricane Katrina and the BP Oil Spill -- ASI offers loan products designed to help people start and grow businesses even if they don't have extensive collateral, credit histories, or business experience. For these reasons, these loans also carry a higher level of risk than typical loans on Kiva.