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Who We Are

In 1997, Project Enterprise began offering peer loans to Harlem entrepreneurs. PE has been a certified Community Development Financial Institution (CDFI) since 1998, which is a special designation by the US Treasury that identifies organizations that are effective at linking under-resourced communities with sources of capital.  PE expanded its geographic reach over the years with a physical presence in Brooklyn, the Bronx and Queens. Today, Project Enterprise serves entrepreneurs throughout the five boroughs of New York City.

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Who We Are

Small Loans. BIG CONNECTIONS

History

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The brainchild of Nicholas and Debra Schatzki, Project Enterprise (PE) started in 1996 modeled on the Grameen Bank, founded by Nobel Prize winner Muhammad Yunus.

At inception, Project Enterprise was the only provider of micro business loans in New York City that did not require prior business experience, credit history or collateral to provide market-rate financing for small businesses.

Project Enterprise supports and develops entrepreneurs in under-resourced neighborhoods across New York City. (PE) provides individuals with loans, training and access to business networks.

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Where We Work

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Project Enterprise serves neighborhoods in Upper Manhattan, Brooklyn and in Queens.  According to the US Census Bureau, the median household income in these communities averages just $28,874 to the citywide median of $38,293 (in 2000).  More than 30% of individuals in these communities live in poverty compared with 21% citywide.  Many individuals in these communities develop and manage microbusinesses as a means of employment and self-sufficiency. Demographically speaking, 99% of the businesses PE serves are minority-owned, 88% are African or Caribbean-American owned, and 56% of the businesses are owned by women.  The average age of participants is 41 years old, and 43% of members have an average of two children living with them. ...

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Success Stories

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Maceo Roker  is the owner of Roker Inner City Holdings.  Growing up, Maceo’s father often regaled him with stories of the achievements of extended family members back in the Bahamas. Maceo grew up with dreams of being an entrepreneur.  So he took his 2007 tax refund and purchased a Jani-King commercial cleaning franchise. Roker Inner City Holdings is a holding company that currently houses the Jani-King franchise. The holding company allows Maceo to pursue his MWBE certification so he can bid on government contracts. With the help of Dorsey & Whitney, Maceo has incorporated his business.  He has also completed PE’s EAP business planning course.  One of his greatest challenges was tracking his income and...

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Board

Andrew Burnett is the chief executive officer and managing director at The Accela Group, which provides strategic advisory services for emerging companies.  He has advised companies in several industries including consumer electronics, specialty retailing, radio broadcasting, franchise development, consumer information services, magazine publishing and wireless telecommunications. Previously, he was managing director of Cathedral Consulting Group, Eltekon Business Services, and God...

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Staff

Lloyd Cambridge (Interim Executive Director) Althea Burton (Director of Programs/Center Manager) joined Project Enterprise’s staff in 2004 and oversees all of (PE)’s program operations.  Ms. Burton has an extensive retail and management background, ranging from sales to merchandising.  An alumna of (PE), she owned two retail...

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Work With Us

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Project Enterprise has exciting and challenging employment opportunities in many different fields. We continuously seek skilled employees, interns and volunteers. During the year, PE offers a limited number of competitive internship opportunities. While all internships are unpaid, they provide a unique opportunity to work in a microfinance program and be closely involved with all aspects of the organization. Hours and schedule are flexible,...

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FAQ

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We have compiled a listing of the questions we get asked the most along with our answers. In many cases we'll redirect you to other parts of the website for more information.

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199 Lincoln Avenue, 1st Fl. Bronx, New York 10454 (P) 917-819-3182 (F) 917-819-3186