People Incorporated Financial Services

People Incorporated Financial Services was created in 2001 to address business development financing needs throughout Virginia. This People Incorporated affiliate administers the microenterprise development and small business financing activities for People Incorporated.

2009-2010 Board of Directors
Margaret Schenck, Chair; Kevin Kilgore, Vice-Chair; Sheila Combs, Secretary; Charlotte Mullins,Treasurer; Ron Blankenship; Cameron Forrester; Leton Harding; Creed Jones; Angie Loughry; David McCracken; Doug Ratliff; Chris Shortridge; John Snodgrass; David Yates.

History
As a Community Development Financial Institution certified by the U.S. Department of Treasury, People Incorporated Financial Services offers loans, development services and financial products to small and emerging businesses. People Incorporated Financial Services works to strengthen local economies in 17-jurisdiction service areas including the counties of Bland, Buchanan, Carroll, Dickenson, Floyd, Grayson, Lee, Russell, Scott, Smyth, Tazewell, Washington, Wise, and Wythe and the cities of Bristol, Galax and Norton.

People Incorporated Financial Services has extensive experience providing small business and microenterprise development and lending services in low-income communities, and is the only CDFI headquartered in rural Virginia. Since its inception in 1992, the People Incorporated Financial Services loan portfolio has grown to include 308 microenterprise and business loans, which to date have created 475 jobs and retained 180 more.