Founded in 2016 and launched in January 2017, the Black Cooperative Investment Fund (BCIF) is a community-based 501(c)3 nonprofit fund based on the tradition of cooperative economics. BCIF provides microloans to African Americans that have a high likelihood of building financial assets. Our mission is to create social change for the Black community through the primary strategy of building assets and wealth. We provide microloans through pooled dollars from individuals and companies who are passionate about economic empowerment for the African American community. Housed at OneUnited Bank, BCIF has a specific focus on communities in the Southern California region. The vision is to provide a dedicated, reliable, and perpetual source of capital to create assets and build wealth for, and within, African American communities.
We provide affordable, low-interest, low-fee loan alternatives to traditional lenders. All earnings from interest repayments are reinvested into the fund to grow and sustain the fund for long-term usage in the Black community.