News & Updates

RPC Soft Launch

Photo credit: Mr. Dallas Lenear Rende Progress Capital launched on Wednesday, March 29, 2017 as a Loan Fund and emerging Michigan Community Development Financial Institution (CDFI) and mission-driven lender of loans and provider of investments to Excluded Entrepreneurs who face social and financial barriers to acquiring traditional loans because of bias and racial inequity. At 9:00 a.m. at the Grand Rapids offices of Varnum Law, RPC introduced itself as a new CDFI. The RPC founding team of Eric K. Foster (Co-Founder, Managing Director & Portfolio Manager), Cuong Q. Huynh (Co-Founder and Managing Director for Investments) and Robin K. Selmon (Board Member) was joined by 35 diverse business l

RPC Co-founder receives expert certification

Eric K. Foster, Co-Founder, Managing Director and Portfolio Manager for Rende Progress Capital completed intensive course-work in Durham, NC in Fundamentals of the Opportunity Finance Industry and his Certificate in Community Development Finance. Foster's course cohort included 40 established and emerging Community Development Financial Institution (CDFI) managers and bank officials throughout the country and abroad. Bringing additional experience to CDFI management, Foster successfully completed learning in CAMEL (Capital, Asset Quality, Management, Earnings & Liquidity) Analysis, Capitalization, Impact Measurement & Evaluation, Lending Policies, Portfolio Management, Underwriting and othe

© 2016      Rende Progress Capital
                  818 Butterworth Street SW
                  Grand Rapids, MI 49504


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