portfolio credit risk management

Session overview

As the world continues to reel from the unprecedented health and economic crisis, small business CDFIs are reassessing credit risk at the loan and portfolio levels, modeling and stress testing portfolio performance, and working to mitigate risk. Join us to hear how peer CDFIs are thinking about the pandemic, economic aftershocks, and the recession. Has the crisis caused these CDFIs to revisit their loan monitoring or risk rating systems? Are they adjusting their allowance for loan losses and/or setting aside additional cash reserves? How is your CDFI managing portfolio credit risk in these uncertain times? Join the conversation to find out how other CDFIs are modeling, stress testing, and mitigating portfolio credit risk.

Speakers

Paige Chapel

Moderator, Aeris

Karen Seabury

Moderator, Aeris

Joshua Brackett

Access to Capital for Entrepreneurs Inc.

Keona N. Cowan

Invest Detroit

Gustavo Lasala

PeopleFund

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Speaker Information

Paige Chapel

Moderator, Aeris

Paige Chapel is the President and Chief Executive Officer of Aeris, an independent information service that provides ratings, data, due diligence, and consulting services to support investor research on the social impact and financial performance of a range of investment vehicles. Launched in 2004, Aeris has grown into a respected, independent ratings and information service under Paige’s leadership.

Paige has worked in community impact investing for more than three decades. Her early work centered on sustainable food systems, expanding in the following decade to financing commercial real estate in urban food deserts. In 1987, she joined Shorebank Corporation as one of the founders of Shorebank Advisory Services (SAS, now Enclude), serving as CEO beginning in 1991. During her tenure at SAS, she led assignments to design, assess, and raise capital for de novo development banks in multiple US markets. Paige was one of the founders of ShoreBank Pacific (now Beneficial Bank), a federally regulated environmental development bank, and served on the Bank’s management team and board of directors. In 1999, Paige launched a national consulting practice focused on innovations in community investing. Her clients included both large and small financial institutions, foundations, public entities, nongovernmental organizations, and corporations. In 2007 she assumed the leadership of Aeris.

Speaker Information

Karen Seabury

Moderator, Aeris

Director of Ratings since 2013, Karen has performed and led Aeris’ analysis and rating work since 2004. Karen’s professional experience spans foundation program leadership, senior management of finance and lending in the CDFI industry, and a ten-year independent consulting practice. Her areas of expertise include program strategy, financial analysis, and investment in community, economic and sustainable development. Karen began her career as a financial auditor and earned an MBA from The Wharton School at the University of Pennsylvania. A tour of service in the Peace Corps in Malawi attracted her to the impact investing field.

Speaker Information

Joshua Brackett

Access to Capital for Entrepreneurs Inc.

As CFO for ACE, Brackett oversees the finance, accounting, compliance and loan operations departments for the $32 million non-profit. Under his direction, ACE became nationally accredited and successfully secured debt capital from Goldman Sachs, Bank of America, Wells Fargo, PNC Bank, FHLBA and Hamilton State Bank after undergoing rigorous due diligence processes by each institution. Joshua is currently a Board member for Association for Enterprise Opportunity (AEO). He is a Babson College 10,000 Small Businesses Alumni and served on the Aeris Rating Advisory Board and the OFN “Performance Counts” CFO Working Group. A graduate of Berry College with a BS in Business Administration and the Community Bankers Association consumer lending school, Brackett served in banking with experience as a loan collector/auditor, financial analyst, and Finance Manager with community banks.

Speaker Information

Keona N. Cowan

Invest Detroit

Keona Cowan joined Invest Detroit as senior vice president in 2016 with more than 20 years of experience in community development lending. As Invest Detroit’s chief lending officer, Ms. Cowan is responsible for Invest Detroit’s combined commercial and industrial, small business, and real estate lending activities, including those that involve New Market Tax Credits and the Strategic Neighborhood Fund development. Previously, Ms. Cowan was with Bank of America, where she served as a senior portfolio management officer managing a $150 million loan portfolio and specialized in real estate developments utilizing non-traditional funding sources such as LIHTC, New Markets Tax Credits, HOME program and Title VI program. Ms. Cowan has served in senior-level positions throughout her career and began her banking career with JPMorgan Chase. Ms. Cowan holds a Bachelor of Arts in Accounting from Michigan State University in East Lansing, Michigan.

Speaker Information

Gustavo Lasala

Moderator, Sr. Vice President, Mastercard Center for Inclusive Growth

Gustavo Lasala, PeopleFund’s CEO, is a seasoned leader with broad domestic and international experience that includes organizations considered exemplars of financial inclusion in USA. Prior to PeopleFund he helped Opportunity Fund, Oportun and LiftFund achieve leading positions at a national level. Over his CDFI career, Gustavo deployed more than $600 Million, managed organizations with assets in excess of $150 million and raised or helped raise close to $200 Million in capital.
In 2015, he co-founded Listo, a financial services company serving Low and Moderate Income Hispanics through a network of technology-enhanced stores. He led Listo through 2019, growing it from one to five stores serving tens of thousands of clients and leaving the organization on a solid path to profitability.
Gustavo is a long-term CDFI industry-veteran and advocate. He has served on various boards including the board of AEO and OFN and has participated of industry panels for the Federal Reserve of Dallas, Microfinance California, TACDC, OFN and AEO.
Gustavo has a Master in Business Administration from the University of Texas at Austin.

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