How long has PE been in business/how did PE get started?
Founded in 1996 by Nick & Debra Schatzki, PE disbursed its first loan of $515 in July 1997. Lending reached the $1 million mark in December 2006. Since 1998 PE has been a certified Community Development Financial Institution (CDFI), which is a special designation by the US Treasury that identifies organizations that are effective at linking under-resourced communities with sources of capital. Learn more about PE’s history.
