Nonprofits Insurance Alliance Group - 2017 Annual Report

A Head for Insurance. A Heart for Nonprofits. 17 As part of our mission to support and strengthen the nonprofit sector, we created a loan fund for NIAC members, providing short-term cash flow loans of up to $50,000, no board member or executive director guarantees required. Since the program’s inception in March 2015, we have assisted more than 50 borrowers and lent more than $3 million. The program’s success has demonstrated not only that nonprofits are responsible borrowers, but also, like any other business, they can operate more efficiently and be more effective with access to cash flow loans. The program has been a great success with lots of positive feedback from our members, and we are hoping others will copy our successful model. Lending a Hand The NIAC Loan Fund “This loan has helped Cycles of Change serve thousands of people of several generations to grow their relationships to bicycles as a mode of transportation, exercise, and fun! The NIAC Loan has been a great option for us to continue to grow.” — Eri Oura, Staff Collective Member & Bike Safety Program Co-coordinator, Cycles of Change, Oakland, CA