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Democratizing credit at Credimarks by providing accurate credit scores of underbanked business people, consumers and farmers. Founder/portfolio manager of fund focused on banking and microfinance institutions which serve the underbanked Wall Street investment banking experience Corporate and nonprofit board background complemented by policy and regulatory experience at the U.S.Office of Management and Budget.
Credimarks Savings And Loan
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Chief Strategy OfficerCredimarks Savings And Loan Nov 2017 - PresentSamreboi, Ghana And San Francisco, CaCredimarks Savings and Loan is financial institution in formation in Ghana devoted to enhancing the productivity and prosperity of smallholder farmers with transparent financial products. We will be providing farmers the financial capacity to purchase inputs such as fertilizer, pest control products and irrigation systems which will provide higher farm incomes and contribute directly to reductions in poverty. We are beginning with cocoa, Ghana’s largest crop and the source of 20% of the World’s cocoa. There are 800,000 cocoa farmers and over 90% produce on farms of 2 to 3 hectares. They produce at about 30% of their potential because their incomes are too low to advance the cash needed to purchase fertilizer and pesticides when needed. Our mission is to meet this need.
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PresidentNew Markets Advisory May 2006 - Dec 2017New Markets Advisory is a consultancy and program advisor on banking the underbanked. The firm was also the portfolio manager of the New Markets Financial Fund. The New Markets Financial Fund was a hedge fund investing in financial institutions serving underbanked retail and commercial customers, largely in emerging markets and with a particular interest in Africa.
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President And FounderCalifornia Community Service Llc Jul 2014 - Sep 2015The mission of California Community Service LLC was to organize a commercial bank dedicated to provide banking services needed by employed underbanked individuals and micro-businesses in Southern California.
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AdvisorIrawcc Dec 2012 - Jul 2013Us And NigeriaInitiated and directed IRAWCC efforts to re-establish palm oil plantation in Imo State. Advised on microfinance and leadership initiatives promulgated by IRAWCC.
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Trainer/ConsultantChalmers Center For Economic Development Apr 2009 - Dec 2012Lookout Mountain, GeorgiaTrain members of churches in Cote d'Ivoire and elsewhere to foster community economic development through the creation of savings and credit groups and microenterprise development. Assist in domestic fund raising. -
DirectorNoontime Concerts 2002 - Sep 2008San Francisco Bay AreaNoontime Concerts is an independent non-profit arts organization responsible for presenting weekly concerts of classical music in downtown San Francisco.
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DirectorDowney Financial Corp. 1998 - 2008Newport Beach, CaDowney Financial was a $17 billion NYSE listed savings and loan holding company. Identified financial challenges and need for capital early on despite overwhelming opposition by major shareholder. Selected by regulators to conduct 2006 Board study to assess Corporation’s management and organizational structure. Study served as basis for additions to management, restructuring of the planning process and development of a new retention program. Initiated policy shift regarding treatment of mortgage servicing rights which led to a substantial improvement in level and quality of earnings and in Downey’s share price. Chairman of Compensation Committee 2002-2007. Streamlined managerial incentive system. Member of Audit Committee 2002-2007. Chairman 2006.
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Managing DirectorHoefer & Arnett, Inc. May 1999 - May 2006Investment Banking -
DirectorNix Check Cashing 1996 - 1999Carson, CaliforniaDirector. Nix was the largest non-bank financial services company serving the urban markets of Central and East Los Angeles. Joined Board after structuring and financing a financial rescue of the Company.
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Senior Vice PresidentOppenheimer & Co. 1991 - 1996Head of West Coast Financial Institutions Group
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Policy Analyst And EconomistOffice Of Management And Budget Oct 1981 - Apr 1986Provided White House and senior members of the Reagan Administration with analyses and proposals to implement the President’s deregulatory mandate, with a primary focus on the deregulation of the banking and thrift industries. OMB was the nexus of the President’s deregulatory effort.
Michael Abrahams Skills
Michael Abrahams Education Details
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Economics -
Economics And Political Science -
Claremont High School
Frequently Asked Questions about Michael Abrahams
What company does Michael Abrahams work for?
Michael Abrahams works for Credimarks Savings And Loan
What is Michael Abrahams's role at the current company?
Michael Abrahams's current role is Chief Strategy Officer at Credimark.
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What schools did Michael Abrahams attend?
Michael Abrahams attended University Of California, Berkeley, Uc Santa Barbara, Claremont High School.
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Michael Abrahams has skills like Emerging Markets, Investment Banking, Banking, Hedge Funds, Social Entrepreneurship, Banking The Poor.
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