Funders Social Justice/Advocacy

Wells Fargo partners with JUST to close the racial wealth gap

Written by Mindia Whittier

The initiative helps female entrepreneurs of color invest in their dreams.

JUST, a non-profit financial platform working to close the racial wealth gap, has received a grant of $100,000 from Wells Fargo. Funds will be used to support female entrepreneurs of color through capital, peer-coaching and community in Dallas.

JUST issues loans to women that are based on trust, not on credit scores or collateral. The organization also works to build a strong peer support network in its community of clients.

With the investment from Wells Fargo, JUST hosted a networking event at the end of August to connect with hundreds of Dallas entrepreneurs. The event included interactive workshops, a Q&A with current JUST clients and staff, and opportunities to network with peers.

A flagship leadership program is also being launched. The 5-week program will allow women to build a community and create space to invest in themselves and their goals.

“Wells Fargo believes in equitable lending opportunities and values the important work organizations like JUST do to provide to the communities they serve,” said Tyler Smith, Social Impact and Sustainability Leader for Wells Fargo said. “Their track record along with the operating model make them an amazing complimentary partner for us as we invest in the Dallas community.”

JUST client leaders co-design financial products and services to transform their communities. The organization was founded in 2016, in Austin. Since then, JUST has lent over $11M, with a 99.3% repayment rate.

About the author

Mindia Whittier