Bonnie CLAC in the News

  • Robert Chambers has received the 2007 Purpose Prize from Civic Ventures, a think tank and an incubator, generating ideas and inventing programs to help society achieve the greatest return on experience.
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  • Robert Chambers could have easily retired after leaving car sales and owning several businesses. Instead, he has channeled his energy into helping low-income car buyers make smart purchases that will help them on the road to prosperity. Steve Tripoli reports. To read more and listen to this story, please see Marketplace® from American Public Media

  • Washington, DC - Congressman Hodes has secured a $100,000 grant to allow Bonnie CLAC of Lebanon, NH to expand their services to Coos County. The U.S. House of Representatives passed the Conference Report by a vote of 270 to 147.  Read the press release...

  • Robert Chambers will be a keynote speaker at the 9th Social Enterprise Summit March 9-11, 2008.
    Robert Chambers is the Founder and President of Bonnie CLAC, a nonprofit organization whose mission is to help individuals purchase fuel-efficient new cars at very low interest rates. Bonnie CLAC's industry-leading model offers Financial Fitness training, individual budget counseling, and car purchase assistance to help low- and moderate-income individuals create savings, build a positive credit score, access health care, and reduce carbon emissions. Since 2002, Bonnie CLAC has guaranteed over $10 million in loans for more than 1000 clients, most of whom fall below HUD low-income guidelines; despite the sub-prime credit scores of most clients, Bonnie CLAC's losses on loans are about 1/3 of the losses experienced in commercial auto lending. Bonnie CLAC has developed and received substantial funding toward implementing a business plan for national expansion.

    Robert Chambers is the recipient of two national awards in social entrepreneurship: the Manhattan Institute's 2007 Social Entrepreneurship Award and the Civic Ventures 2006 Purpose Prize. He is a US Navy Veteran of the Vietnam War and studied Electrical Engineering on the GI Bill at Auburn University. Robert has launched and run several companies in the software and computer services industry. While working at an automobile dealership, he became disillusioned watching low-income individuals being taken advantage of in their purchase of a car. This experience led to the formation of Bonnie CLAC.  Read more...

  • Robert Chambers, founder of Bonnie CLAC, is one of five recipients of the seventh annual Manhattan Institute Award for Social Entrepreneurship. The award honors nonprofit business leaders who found innovative, private solutions for some of America’s more pressing social problems. Read more...

  • Angels Among Us: These 4 New Englanders are changing lives around the world
    Their paths are different, but their vision is remarkably the same: Start small, think big. Do what you know. Follow the need to where it leads. Read the full article in Yankee Magazine