Ecosystem

The Mission:

The PearlieMae Group is a public charity named after a deceased public-school teacher and community leader.

We have collaborated to create a blueprint for economic and community building. Our belief is by combining social entrepreneurships and civic engagement within low-to-moderate income families and veterans increase the likelihood of their success against these odds:

Official U.S. Census Bureau statistics estimate 37 million persons, 11.4 percent of the total population, were poor in the United States in 2020.

According to 2018 US Census Data, the highest poverty rate by race is found among Native Americans (25.4%), with Blacks (20.8%) having the second highest poverty rate, and Hispanics (of any race) having the third highest poverty rate (17.6%). Whites had a poverty rate of 10.1%, while Asians had a poverty rate at 10.1%

$60 Million Americans are unbanked (do NOT have a real bank account) or underbanked (have a bank account with limited products and services) (Federal Reserve Bank 2019 Study)

$12 Million Americans are forced to use payday lenders (a $30 Billion industry) to meet daily financial needs. PAYDAY LENDERS outnumber McDonald’s Restaurants in the United States. (Bankrate 2021 Study)

$16 Trillion lost from the U.S. Economy, in the past 20 years due to racism decreasing African American homeownership, employment, and entrepreneurship (Citigroup 2021 Study)

African Americans are 3 times more likely to be denied a business loan

African Americans earning $100,000 per year are less likely to get a home loan than White Americans earning $30,000 (Federal Reserve Bank Study 2015)

African Americans earning $100,000 per year with a home loan are more likely paying a higher interest rate than White Americans earning $30,000 (Harvard University 2021 Study)

The Solution

To address the disparity and combat this social scourge, The PearlieMae Group is collaborating to create The Ecosystem for Community & Economic Development. This collaborative membership driven ecosystem will address financial inequity with sustainability and community engagement by offering:

The PearlieMae Group, Inc. is providing access to capital for home and business ownership, educational consulting, health awareness, business research, administrative and supportive services to The Warehouse Network (FREE distribution of goods), non-profits, small businesses, rural and urban development with technical assistance, HBCUs Internships, R&D opportunities for HBCUs and creating jobs.

The Warehouse Network is a national and international collaborative of local non-profits, churches, and for-profits to serve communities by distributing VARIOUS FREE goods through a partnership with The PearlieMae Group for community and economic development.

The Village is a fresh start collaborative program for various organizations help low-to-moderate income families, ex-offenders, homeless, veterans and those looking to re-establish themselves be securing employment, financial education, and home ownership.

Emancipation Credit Union will offer full-service banking with SEC regulated investment opportunities targeting low-to-moderate income families, veterans and minorities.

Ashar Limited. a SEC regulated, holding company providing rural and urban development with technical assistance, HBCUs Internships, R&D opportunities for HBCUs and creating jobs.