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Canadian Alternative Investment Cooperative (CAIC)'s Logo
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US, Canada

Canadian Alternative Investment Cooperative (CAIC) CAIC invests in groups working for positive social change and community economic development in Canada that lack access to traditional financing.

Group

OVERVIEW

Description

CAIC invests in groups working for positive social change and community economic development in Canada that lack access to traditional financing. We are particularly interested in projects that promote alternative economic structures and acts as a catalyst to structural change. When making an investment, CAIC takes into consideration both the social benefit of a project and its business soundness. A project will not be considered unless it meets our criteria for both attributes. CAIC focuses its lending in the following three areas:

Social Enterprise Financing

CAIC provides loans & equity investments to groups, organizations & cooperatives assisting in the economic development of disadvantaged people or communities and whose objectives are considered to be of social benefit by CAIC's board of Directors. The organization may be a corporation or a co-operative. The investment may be debt or equity, secured or unsecured.
CAIC is supportive of community loan funds and is interested in partnering with organizations that provide the necessary business skills and technical support to ensure successful social enterprises.
  Click here for the Social Enterprise Financing Borrower Guide.
  Click here for the Social Enterprise Financing Application Form.
Mortgages for Community-Based Projects

CAIC provides mortgages of up to 75% of the appraised value of the property to non-profit and community-based organizations that require a 'home' for their services. (e.g. women's shelter, food bank, skills development).
  Click here for the Mortgages for Community-Based Projects Borrowers Guide.
  Click here for the Mortgages for Community-Based Projects Application Form.
Social & Affordable Housing Initiatives

CAIC is mandated to make loans available to groups working to provide social and affordable housing. CAIC defines socially beneficial housing as:
  • Any low cost rental housing
  • Housing that will remain perpetually affordable
  • Housing that is appropriate to those being housed
  • Resident and community controlled housing

FUNDING TYPES AND CRITERIA

INTERESTED IN THESE SECTORS

Agriculture; Arts, Culture, Handicrafts; Civic Participation; Clean and Green Technology; Communications / Media / ICT; Disabilities; Disaster Recovery; Distribution / Supply Chain; Education; Employment, Livelihood, Income Generation; Energy; Enterprise Development, SME; Environment, Climate Change; Fair Trade, Organic Products; Financial Serv./Inclusion, Microfinance; Food and Nutrition; Health; Housing, Shelter, Homelessness; Mobile; Natural Resources / Conservation; Peace and Security; Sanitation, Waste Management; Tech; Training, Technical Assistance Services; Water; Web, SaaS, Online Tech; Women, Girls

social vs. financial return preference

  • 2: Mostly Social Return Focused

providing funding for these regions

  • US, Canada