Peter Woo, then-freshman at Notre Dame does research on cash-lending practices in India through an International Summer Services Understanding System through the Center for Social Concerns.
February 17, 2012
Peter Woo invites seven acquaintances interested in the community to a dinner at North Dining Hall. He proposes a Responsible Lending Initiative in South Bend.
The team meets with professors from departments ranging from sociology and peace studies to accounting and management; leaders of local non-profits; and local politicians. The team also holds focus groups, interviews payday lenders & users, and sends out market surveys.
Establishment of Board of Directors
November 30, 2012
The team forms its Board of Directors:
Chairman - Melissa Paulsen, Professor
President - Peter Woo ('14)
Treasurer - Jacob Stanton ('14)
Secretary - Cristin Pacifico ('15)
Jake Bebar ('15)
Peter Lombardo, Center for the Homeless
Connie Mick, Co-Director of Poverty Studies
William Schmull, Accounting Professor
Andrew Weiler ('15)
Amber Werner, Bridges Out of Poverty
JIFFI won the "Coffeehouse Favorite" $2000 award at the Irish Impact: Social Entrepreneurship at Notre Dame conference. During this time, some JIFFI members also attended the Lend for America Summit in Berkeley, CA.
In November 2015, four members were sent to the Lend for America Summit, this time in Washington, D.C.
Expanding our Reach
JIFFI received coverage from multiple publications over the year: The South Bend Tribune, The Journal Gazzette, nd.edu, The Washington Times, and WSBT Channel 22.
Peter Woo returns to Notre Dame for his sophomore year and begins researching the predatory lending industry in the United States, specifically within South Bend, Indiana.
February 22, 2012
After the initial meeting, Peter Woo ( ND '14), Andrew Weiler ('15), Cristin Pacifico ('15), Jane Park ('13), Jacob Stanton ('14), Alex Schoemann, ('14) and Jake Bebar ('15) meet to form the Jubilee Initiative for Financial Inclusion.
July 19, 2012
Peter Woo, Jake Bebar, and Jacob Stanton file the Articles of Incorporation with the State of Indiana as officers of the Jubilee Initiative for Financial Inclusion (JIFFI).
An Expanding Organization
Over 13 months, the JIFFI team expanded from 8 members to 30, raised more than $10,000 through crowdfunding, disbursed 11 loans over 13 months, and received 501(c)3 status!
Client Process and Website
During Winter 2015, the JIFFI team implemented Salesforce to streamline the client process and collect important statistics. They also launched the latest version of jiffi.org and raised $7,670 through an Indiegogo crowdfunding campaign.
JIFFI presented in the community forum for Economic Justice as part of the predatory lenders panel. Also during this time, JIFFI received a grant to be able to fund advertising campaigns on Google.
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