Founding the first community development bank in the United States that has expanded around the country, Houghton shares her experience in utilizing private sector mechanisms to bring about social change.Mary Houghton is one of the Founders of ShoreBank, the first community development bank in the United States. Starting on the south side of Chicago in 1973, ShoreBank has expanded to localities around the United States and in emerging markets. Houghton is a pioneer in utilizing private sector mechanisms to bring about social change before the term social entrepreneur was coined. ShoreBank was founded with the goal of using banking resources to revitalize the South side of Chicago and it has been remarkably successful.moreless
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