My role in helping clients ascend:
Paul leads an organization that has expanded beyond its historical vision of financial inclusion, to creating a world of financial ascension or upward mobility for all. Today, Ascendus focuses on supporting an entrepreneur's financial journey toward improving their financial health.
The board appointed Paul as its CEO in 2011. Under his leadership, Ascendus scaled its annual lending twelve times (12x), from $5 million in 2011 to almost $60 million in 2023. From 2011 through December 2023, Ascendus lent $245 million to 14,500 clients, with a cumulative dollar write-off of 7.1% (versus 8% target.)
Paul achieved this outcome through his team of leaders who supported his focus on thought leadership, staff development, retention, partnerships, service quality, innovation, geographic expansion, and efficiency.
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