Learning from our A-List Interns

August 22, 2013

by Yanki Tshering

A few days ago we had a lunch to thank our invaluable interns, Rumi Ahmed,Interns Ami Doumbia, and Nancy Zhang, who will be returning to the High School for Economics and Finance in a few weeks. When asked for their feedback on their experience at BCNA, they said – diplomatically – that it was "wonderful" but then shared some interesting personal points of view.

Investing in Our Communities by Advocating for Microenterprise Support

March 27, 2013

by Yanki Tshering

On March 13, I had the pleasure of participating in a panel discussion - Exploring Microenterprise - at the 7th Annual Symposium on Poverty and Economic Security,along with fellow panelists Marijana Ababovic, President and CEO of Institute for Social and Economic Development (ISED), and Charlie Kalthoff, Executive Director at ACCORD.

Staten Island - The Island of Opportunity

October 18, 2012

by Yanki Tshering

While Queens has long been noted for it's diverse immigrant entrepreneur community, we very much like what we see happening on Staten Island lately. Here's a look at three BCNA clients we think are emblematic of the growing diversity and entrepreneurial spirit on Staten Island.

BCNA Clients Featured in Wall Street Journal

September 27, 2012

by Yanki Tshering

Nothing is more gratifying for us than to see our clients succeed, and to see their hardwork and entrepreneurial spirit recognized. This is particularly true of our clients who are immigrants and refugees, who often face a much steeper learning curve and bureaucratic struggle than non-immigrants do. I was therefore extremely gratified to see  a recent Wall Street Journal article that not only featured BCNA, but...

Weak Economy Increases Need for Microloans

July 13, 2012

by Yanki Tshering

At Business Center for New Americans we are very aware of the devastating effect the ongoing economic downturn continues to have on small and micro businesses. The downturn has also increased recognition of the important role that microfinance can play in job creation by providing much needed credit and financial advice to those business owners.

BCNA Honors Immigrant Entrepreneurs

April 24, 2012

by Yanki Tshering

 On Friday, April 20, over 100 friends and clients gathered at BCNA's headquarters at 120 Broadway to recognize three inspiring immigrant entrepreneurs, as well as to hear an expert panel...

Expansion of Services in Queens

February 06, 2012

by Yanki Tshering

We are extremely pleased to announce that we have just been awarded a generous $60,000 grant by Citi Community Development.

This grant will allow us to increase our outreach to low and moderate income entrepreneurs in Queens, working in collaboration with the Queens Public Library system, economic development organizations, and community organizations serving New York City's most diverse borough.

A Great Start to a Great New Year

January 25, 2012

by Yanki Tshering

On January 11, BCNA celebrated the New Year with a gala Sri Lankan lunch prepared by BCNA client, chef Raj Perera and his wife Nishani at their excellent restaurant, the Banana Leaf. The celebration also marked BCNA's

BCNA Teams up with NYCreates for Two Great Holiday Fairs

December 22, 2011

by Yanki Tshering

BCNA is very proud to have partnered with NYCreates this year to sponsor two NYCreates Holiday Craft Fairs: one at West-Park Church, which was held December 16-18, and one at the Brooklyn Historical Society, which took place December 7th.

Helping Dreams Flourish When Times are Tough

November 02, 2011

by Yanki Tshering

Lately it seems that, every time we turn on the news, we hear about frustrated young people who are facing the prospect of no jobs, a lack of upward mobility, and an increase in the rate of poverty.

But while those problems are very real, at the same time, at BCNA, we are constantly inspired by the enthusiasm and entrepreneurial spirit of our clients, many of whom are recent immigrants to the U.S., and by their determination to achieve the American dream in spite of sometimes daunting odds.

And we have also been amazed and energized by the support we have been receiving from our board members and our funders, support that is vital to making those dreams come true.

The BCNA staff and Board of Directors have spent the last few weeks completing an intensive

Reflections on the ORR 2011 Consultation

August 09, 2011

by Yanki Tshering

It was our great pleasure to speak at the Office of Refugee Resettlement's 2011 Consultation last week, presenting a workshop called Helping Refugees to Achieve the American Dream along with Belaye Embaye, Senior Principal Analyst at ORR, Marijana Ababovic, Senior Project orrManager at ISED, and John Scribner, Director of Start Smart, in Maine.  The presentation  focused on the success of ORR funded microenterprise and IDA programs as well as profiling the success stories of some of Start Smart's and BCNA's clients.

The  client stories that we profiled in our presentations reinforced the point...

BCNA a CNN Top 10 US Microfinance Provider

July 15, 2011

by Yanki Tshering

All of us at BCNA were honored to learn yesterday that Business Center for New Americans was included as one of ten top microfinance organizations in the US by CNN on CNN.money.com. We were particularly pleased because we were in such excellent company - with Opportunity Fund, ACCION USA, Justine Peterson, the Women's Initiative for Self Employment, ACE, and ACCION branches in Texas, Chicago, San Diego, and New Mexico-Arizona-Colorado.

While we are immensely proud of having been recognized, we also know that the progress we've made and the lives that we've changed have been made possible through teamwork and through relationships with other amazing, dedicated organizations.

Partnering with Citi for an Exciting New Microfinance Initiative in Queens

July 09, 2011

by Yanki Tshering

We are  very excited to announce that the Business Center for New Americans (BCNA)  has received $50,000 in funding from Citi Community Development to expand our  delivery of microloans to low- and moderate-income entrepreneurs in the borough of Queens, one of the most diverse immigrant communities in the country.

Working with the Queens Public Library system and economic development and community organizations,  we will be providing in-person outreach; workshops on access to credit for small businesses; and one-on-one counseling to help low- and moderate-income entrepreneurs qualify for loans offered by our Microloan Fund as well as  funds from other sources.

Microfinance USA 2011: Grooming the Next Wave

May 26, 2011

by Yanki Tshering, Executive Director

The Microfinance USA Conference 2011, which took place this week in New York, was exciting for a number of reasons. First of all, it was a great opportunity to connect with talented people doing extraordinary things and working tirelessly to make positive change.

And speaking of positive change, one of the things that struck me most when I arrived Monday morning for the first keynote was how many young people and recent graduates were attending.  If there is one positive result of the recent recession, perhaps it's that alternative financial services are getting more attention and young job hunters are embracing the pursuit of more meaningful professions. It's exciting to see that these conferences are grooming the next wave of practitioners.