we're a sba micro-lender. we recently made our first quiva loan and it provides working solutions with a $200,000 line of credit. we provide a loan to a entrepreneur. we post it on their website. individual lenders such as yourselves can lends to that business as little as $25. as soon as that business funds working solutions is reimbursed. it provides marketing and exposure to the business and working capital for working solutions. also star bucks and the opportunity finance network has given us lending capital but i want to mention that wells fargo is the organization that initially capitalized our loan fund 2005. >> does the queva and prior loan status like a traditional loan provided to a client? >> that's a good question. i'm not sure but they have to meet our eligibility requirements but that's a good question. >> okay. >> any other commissioner comments or questions? great thank you very much. you guys do very, very good work. next speaker. >> thank you commissioners. next under financing your business

i think one of the things that micro-enterprise organizations in terms of micro-lending that we see across the board that the majority of loans that sba makes across the program -- not just the micro-lending that we do in san francisco but across the country half is to women owned business so we're seeing on the small end of the market we're growing hopefully the entrepreneurs of the future so thank you for all that you do for business small business and supporting business week coming up next month. >> any questions? >> i have a question of your last statement just sort of the disparity if you will of women and access to credit and about 30% versus the women seek being technical assistance. is the disparity is because women are less confident they can access the credit? seems like they're a better risk because they're doing their homework before they seek credit. >> actually it's because the reason that the access to capital is lower is also because of the size of the loans. they're smaller and the businesses themselves have less of the kind of assets that more well established business p

offer micro loans. we do a lot of micro loans up to $50,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. busi

it can be micro loans. there is micro savings micro insurance.hising going on in bangladesh. and it's a bottom-up approach to poverty he willeliminate alleviation. in an an area they say hum you need a hydroelectric dam. and that doesn't help. they know what they need. they have the solutions. this finances it for them. >> john: this is better for you than some foundation that helps people on a larger scale. >> maybe its ego investment, but you kind of want to know where the money goes. there are lots of great charities out there, but in this case you know specifically it's going to simon the farmer in kenya. it's going to the guy who makes fireworks in nicaragua. >> john: what was the size of the phones that you gave out. >> the average size loan is $400. i spread out my money as far as i could. $25 here a there and people from around the world would invest money. cumulatively helps people. >> john: howwhat made you want to see how it works. >> it was a treasure hunt. i learned the process of getting to know the local banking constitutions, budd

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i think probably many of you know in micro communities is a really easy way for immigrants to enter into the marketplace and e conspire for women who are. >> home with the children or denied entry into the regular work force so seeing a need to formalize the food businesses and transition them into the formal economy so for instance work with a woman working successfully and making money for the family and transition her to income patching to asset generation. the idea in that sense they're are towns and entrepreneurs. they found their market and margins and something they can bring and do so they're successful as entrepreneurs in the informal marketplace. the idea of la cocina to transit that into a broader marketplace and instead of dollars here or there and create the wealth with business ownership and has impact for them and families and communities. it's really moving over there on the screens. a lot of action. sorry about that. so that was the general idea of la cocina and we open our doors in 2005. you can see a picture if it stops moving over there but the idea is give that affor

they call micro pigs, i want to introduce you to wiglet. there's such a thing as a micro pig. this little one was so small they had to bring inside the house to be hand-raised and the dog is trying to be the parent while it's getting bottle-fed. >> careful, dogs love bacon. >> you can see how big little wiglet is because wiglet is getting a bath in the sink. not really new to have a micro pig, but in the uk it's seeing a resurgence of late. these videos are from pet piggies, they have lots of videos and pictures and lots of indwyerry rquir inquiries. these pictures give you a real good look at how big this pig is. next to a starbucks mug here. you can see wiglet with wiglet's mom to get an idea of how big of a pig it comes from. >> that's not so micro any more. are you telling me wiglet is going to get that big? >> i don't believe wiglet is going to get that big, but that's how big mommy is. >> micro pig becomes macro pig. >> he's spotted. >> look at him! >>> dog girlfriend, cat girlfriend. see how it works. >> she's got the dog thing down. >> which is it? cat or dog? next "ri

nonprofits to provide micro-loans. legal resources. we have nonprofits that provide some legal resources. technical assistance. obviously you have met some of our key partners with our economic development organizations or as we -- as the city calls them we call them our neighborhood economic development organizations. that's our internal language for entities like womens' initiative. renaissance center, la cocina, urban solutions, working solutions, meta. and of course one of our key things that we need to talk to businesses about in terms if they're going into brick and mortar is ada compliance. making sure they're aware of potential aba liabilities that the property may have. tax credits associated with that. are they in a enterprise zone and can they engage in tax credits and what are the counseling services out there? we do see quite a few businesses that are already established but they want to know how do i become a certified vendor with the city and county of san francisco and we connect them with that division

don't have the micro-community to support it economically so you might have a regional mexican kri seen but not with enough mexicans to support that but not knowing how to move outside of that micro-community or an opportunity to move out they will stay in the informal bucket and not get to the asset generation. what make it successful? low cost of entry, flexible hours are things that you can address in the industry so we identified things that women need at our organization to be successful. one is a sharing community and san francisco is engaged in right now but leaves out low income entrepreneurs and as the ideas come about to share resources and find ways they're accessible to folks not comfortable in the media rulm and child care and ride share are huge ones and to develop resources or work with developers to bring in resources that others need and provide that need in lower risk than currently available. the current economic opportunities are really so high risk it's not a good idea to make that recommendation to enter into that opportunity no matter what the reward would be and

credit unions offer micro loans. we do a lot of micro loans up to $50,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small.

if we cannot, i look for the micro guys to help me out with the smaller loans. it is a collateral loan that we cannot do, i do what i can. we are here to lend. >> thank you. hopefully, people have their question cards. i am going to open it up to the audience. if you have written a question down, please give it to us so we can start compiling them. if i see a repeat questions, it will help to expedite the process, answering those questions that people want answered. we have some of the best and brightest minds here. don't be shy. if you could do us a favor and use the microphone so that everyone can hear your question. >> you had mentioned about assistance in public contracting. for small companies, one of the issues is bonding. what do you do on that? >> for all public contracts, public agencies need to see that there contractors have bonding in order for them to demonstrate they can complete the contract. sba provides an insured bond guarantee to those who do bonding to small businesses on public contracts. so there is an sba program on a maturity bonding, sim

one of those contracts, one of those 2 had a 50 percent micro set aside. in the case of micro set aside is that really goes to the prime and the reason for that program or what they are trying to accomplish in that program is moving lbe's that have been traditionally subcontractors and prime contractors. certain contracts we have had the monitoring division which used to be part of hrc established micro lbe. even throw isn't an lbe goal, we met that a hundred percent. more details on contract payments for this quarter for lbe. the overall payment reached 21 percent. these are payments made on all active contracts that had lbe requirements with all the existing contracts. the total payments in this quarter total 21 percent are $5 million. broken down between as needed, so as needed contracts, we had about 16 percent, with the total amount there of $105,000 and change which works out to all the as needed contract payments made 16 percent for the quarter. part of that is lower than we try do, we try aim for 20 percent goal. it's really based on what this init

they shy away from this and use the tools that are there and the micro set aside program was talked about and it can help businesses that are women, small and local business to have an opportunity with the city. it's not often used. i have been watching the city opportunity list and within five days i saw five projects under $50,000. should have been set aside. was not but it was public advertised and then they used key words like "mandatory [inaudible] meeting." now that's a barrier for some of our business and when you go you don't make money. you spend money showing up cost you money, so we need to watch those unnecessary barriers and we need your help in helping us to monitor this program and so we can do better with women business and don't leave the city and continue to support your economy. women are just not trying to be a male only business. they're there. they're in business because of personal challenges. they want to work and take care of their families and all they're asking us is help to level the playing field. if we can do that in this government i think we achieve the qui

it operates one of the nation's largest individual development, programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to f

technology has become one of russia's top micro chip makers and their most recent offering is. it comes of the clock speed of five hundred megahertz two cores and processing power of sixteen. unlike many risk based processors out there plus relies on the compiler to execute parallel operations more effectively with that in hand they've branched out and have bigger targets in sight. the model cube our attempt to make quite a cheap computer latest development that is the best plus. the board forms the basis for a brand new computer. produced by one of russia's leading computer hardware makers craft the first batch of them has already rolled off the production line with the touch screen and could run either linux or windows for performance on par with world leaders. do so for another no less important reason the moment we see that clients are primarily state and situations. that are concerned about security issues since we develop a system from top to bottom. motherboards compiler. libraries . we'd call credibility we can guarantee that our product doesn't have declared capabiliti

but one of the stars which is russia's leading maker of many things micro from sim cards to our if i d. text integrated circuits in two thousand and twelve the company launched a new ninety nanometer production line with that mccrone is able to produce thirty six thousand two hundred millimeter wave per year certainly something to boast about but why exactly does russia need its own mighty microelectronics producer for that there seems to be a very good answer. we need to micro electronics is an economic as well as a political at history in the world and some well known instances different countries have barred the export of certain microchips most recently the us prevented the export of microchips destined for ti platforms a russian supercomputer manufacture. with that in mind there are certain industries that really need to have technological independence the most obvious example is an air defense systems would be difficult to protect your own skies with your own hardware if nobody were willing to send you the insides as the same with satellite navigation. is the only true alternat

heirloom tomato, micro basil, burrata mozzarella, salad. once again, for "california country," this is chad minton urging you to use your creativity and please keep cooking. >> as californians, we're connected to agriculture. that's why the allied insurance partnership with the california farm bureau offers us discounts on auto insurance, whether we live on the farm or in the city. as a member of the nationwide family of companies, allied insurance is committed to protecting what's important for you and your community. contact your local agent today. ♪ nationwide is on your side >> this is a bluebird box and it's a very small little bird that needs a box to nest in. and so when there's work that has to get done, we've always got one visitor willing to get out there and do it. [music playing] >> welcome back to "california country." >> what makes a great restaurant in super trendy sausalito? is it location or perhaps the chef or maybe it's the food? for chef peter mcnee, it's the smallest ingredient that makes the biggest difference for him,

we need to micro electronics is an economic as well as a political industry in the world in some well known instances different countries have the export of certain microchips most recently the us prevented the export of microchips destined for ti platforms russian supercomputer manufacture. with that in mind there are certain industries that really need to have technological independence the most obvious examples air defense systems would be difficult to protect your own skies with your own hardware if nobody were willing to send you the insides as the same with satellite navigation. alternative to g.p.s. with full global coverage achieved in two thousand and eleven while the space race maybe is dead is the cold war microelectronic hardware can still be considered sensitive information despite the fact that it's often intended only for peaceful purposes. great place to find some of the very latest in home. like the new electronic show. march of two thousand and thirteen hundreds of companies and thousands of special. number of interesting ideas. new. devices. processor make a revolut

. >> micro blogging web site twitter is making bigger in rose to the business of traditional advertising. "the financial times" is reporting their teaming up with one of the biggest ad buyers, starcom group. >> they will look at ways for companies to integrate the micro blogging services with television. the partnership will last for several years and grants smg clients preferred ad slots on twitter. >> just to bring you up to speed on what's happening in bayern munich-barcelona, no sooner did our sports correspondent talk about missing chances, bayern munich scored. a close range pattern. >> that set for us for now. things for joining us. captioned by the national captioning institute --www.ncicap.org--

here is a look at some of the new micro units in san francisco.ndard amenities but developers had to get creave to pack it inside of 300 square feet. tiny apartments are smarking big debate. supports say they provide affordable housing in an expensive city. critics say they are better suited to young singles when the city by the bay needs family-friendly housing. claudia cowen with more. how tiny are the apartments, claudia? >> well, they are pretty small. the size of two parking spot. the newest unit in downtown san francisco are 280 square feet. but the high ceilings and the large window give the illusion of space. and many of the amenities do more than one thing. the bed turns in to the table. hydraulic bistro table lowers to rental seat. rental with clutter need not apply. but the developer says for some having less can mean a lot more. >> if you free yourself from a lot ofssions and your stuff, you do have more time and more money to do other things. many people find just as enriching as having stuff. >> kennedy tripled the amount of housing

tim sullivan ceo of micro ventures. the website says it's like crowd funding but legal. that's a good thing. thanks for being with us this morning. walk me through what this is you do legally that allows me to buy shares in companies that aren't public. >> historically people haven't been able to invest in early stage companies. over the past five years, there has been a number of platforms that opened up investing into this early stage environment of private equity. our platform essentially enables credited investors to aggregate on the site and have access to these early stage startup deals. >> i'm assuming there's criteria. you don't have to walk through every criteria but make a certain in come. >> essentially means you can afford to lose money. >> so not me. >> so are the companies getting -- are you buying it from existing -- where is it coming from? >> we're making an investment with our investors, alongside our investors with the companies. >> who makes the actual security acquisition on a secondary market. >> secondary market trades are ones which an existing sh

that is the kind of thing that we should be working on a micro level right now about the educationalk to economic development is incredibly strong. we know that individuals make significantly more money. that the unemployment rates decrease as educational attainment increases. we know there is a very direct link between the economy and education. >> we need to make sure we have high standards, we need to make sure we have the resources to help our teachers and students meet those very high standards so we can be well positioned for the future and have a strong and vital community and a strong and vital economy. our students will not just be competing with other kids from knoxville or east tennessee. they will be competing for jobs and opportunities which young people from across the country and around the globe. >> need to find a way to get inrybody fully engaged education in our county and in our state to understand the needs and come up with ideas for the problems we have. >> mr. president, without funding, businesses are losing opportunities to fulfill their macs -- students are l

competition with other micro breweries is more friendly. >> it is. other as part of the same team. you know, have kind of the same goal in mind in this entire principal. >> reporter: like the american revolution. one of the 13 colonies to men they are fighting. the monarchy. liz: there you go. we love it. speaking of which, sam adams, micro brewery. good to see all of you. thank you so much. appreciated. adam: you can say it was a little nutty. to thieves with a sweet tooth feeling more than 5 tons of net tella. liz: a preview of tomorrow's big market moving event. it is tomorrows trades today next. how could you miss that? can't. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovativesoftware on . dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. how old is the oldest person you've known? we gave people a sticker and had them show us. we

ademas, la suave micro-corriente proporciona una energia termica a las areas dermicas debajo de la superficiee la temperatura puede ayudar a mantener la apariencia natural y saludable de la piel. tambien genera oxigeno enriquecido, el cual baÑa la piel mientras lo usan, y reconoceran el aroma; es esa fragancia fresca que se percibe despues de una tormenta. el oxigeno enriquecido, es un limpiador natural y ayuda a darle una apariencia tersa y juvenil. >> en la industria del entretenimiento es muy importante que tan joven te ves. y con dermawand siento que tengo la oportunidad de competir. lo uso cada noche rigurosamente. mi piel brilla, queda tersa. es una sensacion maravillosa, fresca y cuando termino siento que he hecho lo mejor que puedo hacer por mi piel, y al verme en el espejo, se que lo hice... me encanta, no puedo dejar de repetir lo mucho que amo dermawand. >> use dermawand donde quiera que su piel este opaca y poco atractiva... en su cuello, su escote, atras de sus brazos. con una buena crema reafirmante, lograra maravillas detras de sus piernas. tambien, si se ha hecho una cirugia c

now in micro pack. you should see what's going on out in the plains states with snow.e storm that will ultimately warmus up but it will turn us what. it warms up for a fifth day this year we have had 60 degree temperatures a little lower than yesterday's high down by three degrees. an average among all of our computer models on rainfall for the coming week. april produces 3.38 in. of rain so we're getting almost a month worth of rain we said right at the epicenter of the heaviest rain expected in the country. this whole corridor could see some big rains in excess of 3 in.. there are some numbers attached to that heavy rain area that runs north of one madison wisconsin. you have an unseasonably warm air across the southern u.s.. that incredible temperature contrast is what sets up the jet stream. we are way down from where we were earlier today. this cool areas sidling into the area in the afternoon tomorrow the wins will even turn off of the lake that makes it cooler still. the jet stream rips through the atmosphere between it but when it starts to bubble in like this

we need to micro electronics is an economic as well as a political industry in the world in some well known instances different countries have bar at the export of certain microchips most recently the us prevented the export of microchips destined for ti platforms a russian supercomputer manufacture. with that in mind there are certain industries that really need to have technological independence the most obvious example is an air defense systems would be difficult to protect your own skies with your own hardware if nobody were willing to send you the insides as the same with satellite navigation. the only two alternatives are g.p.s. with full coverage in two thousand and eleven while the space race baby is dead is the cold war microelectronic hardware can still be considered sensitive information despite the fact that it's often intended only for peaceful purposes. and a great place to find some of the very latest in homegrown tech exhibitions like the new electronic show which took place in moscow in march of two thousand and thirteen hundreds of companies and thousands of speciali