Economic Equity. Capital Creation.
Eric K. Foster
Co-founder, Chair and
Cuong Q. Huynh
Rende Progress Capital (RPC) is a racial equity focused mission-driven lender of loans and a provider of investments to Excluded Entrepreneurs who face social and financial barriers to acquiring traditional loans and investments because of bias and racial inequity. In addition to providing loans and investments, RPC also provides technical assistance in business training and venture capital advice to our clients.
The founders are former W.K. Kellogg Foundation Fellows. During their time at a fellowship session in Mississippi, they learned about their mutual passion for economic equity and family economic security for all people. As Cuong learned more about Eric’s fellowship project work, activities and focus in CDFI management to support entrepreneurs and eliminate the racial wealth gap, they both formalized their partnership to create RPC.
Eric K. Foster: He is the RPC Chair and Managing Director. Foster is responsible for the management of RPC and relationship cultivation with investor supporters and customers. He also ensures that the RPC portfolio is managed with financial due diligence as well as authentic, open and cultural competent relationships with customers. Foster is principal of Progress Strategies+, LLC, a Project Management company for corporate, business and organization clients that also specializes in Diversity & Inclusion, Corporate Social Responsibility and Public Policy & Advocacy. He is a graduate of Hope College, and is certified in project management from the Northwestern University School of Professional Studies and Advanced Intercultural Management from the Mendoza College of Business at the University of Notre Dame. Foster received his Certificate in Community Development Finance from the University of New Hampshire Carsey School of Public Policy/Opportunity Finance Network in CDFI Management, Capitalization, Portfolio Management & Lending Policies.
Cuong Q. Huynh, JD, MPP: As a Wall Street trained finance professional, he is the RPC Managing Director for Investments for supporting Excluded Entrepreneurs. Huynh is responsible for equity investments supporting RPC clients, investment management, reporting and investment advising to Excluded Entrepreneurs. He is a non-profit leader who also is experienced in finance, law and public policy. Huynh is the founder of Enlightened Initiative, a non-profit that supports immigrant youth to be community leaders. He is a graduate of UCLA, and holds a juris doctor from the University of California Hastings College of Law and a graduate degree from the University of Chicago. Huynh is a graduate of the Venture Capital Institute and therefore brings his skills to other RPC services such as leading efforts and programs to prepare Excluded Entrepreneurs in learning about the details and necessary information in venture capital.