Since 2010, Forza has aided local entrepreneurs by connecting them with the intellectual and fiscal capital to support their business needs.
The state of Alabama contains some of the poorest and most disadvantaged counties in the entire nation, areas that struggle with poverty, unemployment, inadequate health care, and underperforming school systems. These factors discourage big businesses from investing in many of Alabama’s regions.
Despite economic hardships, nearly all of Alabama’s counties thrive on strong community-based networks, comprised of individuals with a sincere and unwavering dedication to the betterment of their communities. These individuals often choose to support themselves and their local economies through small business ventures. As a result, small businesses flourish all across the state.
In 2010, the efforts of local small business owners inspired several students from the University of Alabama to start Forza Financial as a way to assist Alabama's entrepreneurial community through a concept known as microfinance. Microfinance, commonly known as microcredit, entails giving small loans with low interest to small businesses in developing areas, as popularized by Nobel Peace Prize winner Muhammed Yunus. Yunus used this idea to furnish Bangladeshi entrepreneurs with startup capital at an affordable rate, simultaneously providing a means of building credit to those without prior access to financial services.
As Tuscaloosa and surrounding counties sit right on the cusp of the Black Belt, Forza Financial, a student-run 501(c)3 nonprofit, applies this concept in order to empower Alabama’s under-appreciated business and community leaders. Our goal is to support micro-entrepreneurs by providing them with access to capital at affordable rates, credit building, and incubatory development. Additionally, Forza has grown its capabilities through the advent of its strategy wing, focusing on business consulting and development.
Building a better Alabama, one idea at a time.