Greensburg-based nonprofit awarded “Oscar” in its field

The Progress Fund, a Greensburg-based nonprofit that lends money to the small-scale entrepreneurs traditional lenders normally would not help, has won a $2.75 million award from Wachovia Wells Fargo and the MacArthur Foundation.

The prize is the “Oscar” equivalent for community development financial institutions, said Progress Fund co-founder and Chief Executive Officer David Kahley. Click here to read the full Tribune-Review article.