News Column

Richard S. Amador Sr., CHARO Founder, Dies at 75

Oct. 3, 2011


Richard S. Amador Sr., founder of CHARO Community Development Corp., a nonprofit organization, has died. He was 75.

Headquartered in East L.A. for more than four decades, CHARO was a diverse community development corporation and provided a holistic approach to community economic development. CHARO was at one point the largest SBA-Certified Intermediary, packaging and processing loans for small and medium businesses in southern California, according to the National Council of La Raza website.

Amador, a California-born son of migrant farmworkers, became a nationally recognized expert in community and economic development. His nonprofit created thousands of jobs for East Los Angeles residents, according to the Los Angeles Times.

"I've always believed we can only measure our accomplishments not by personal gain, but by making a positive contribution to our fellow man," Amador told in 2002--the year he retired. "CHARO is a great organization. The staff and our partners, we are all committed to creating opportunity."

According to The Times, during the past few years, CHARO has facilitated the funding of over $26 million in small business and commercial loans to hundreds of small businesses.

Amador died of esophageal cancer Sept. 19 at his home in Monterey Park.

Source: (c) 2011. All Rights Reserved

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