Saint John Community Loan Fund's Logo
World Map
US, Canada

Saint John Community Loan Fund The Loan Fund promotes community investing. It recruits investments to build its loan pool and donations to safe-guard the loan pool against losses.

Investment Fund

OVERVIEW

Description

The Saint John Community Loan Fund, a registered charity, has been taking investments to build its capital since 1999. It uses this invested capital to help individuals create income, build assets and attain greater self-reliance by providing:

• small business loans

• employment loans

• affordable housing loans

• non-profit loans

• financial literacy training

• community leadership training

• enterprise development training

• youth entrepreneurship training

The Loan Fund promotes community investing. It recruits investments to build its loan pool and donations to safe-guard the loan pool against losses. It has never lost an investor’s money.

Since starting in 1999, the Loan Fund has used these investments to make 231 loans for a total value greater than $369,000. The impact has included individuals ending reliance on Provincial Income Assistance, families becoming self-reliant, plus $ millions in new income circulated here. This has saved the provincial government approximately $500,000 in social assistance payments.

We believe strongly in investing locally. We also believe everyone has a right to earn an adequate income for themselves and their families.

FUNDING TYPES AND CRITERIA

Provides direct investment

INVESTMENT RANGE:

$500 - $20,000

FUND SIZE:

$200,000

INTERESTED IN THESE SECTORS

Agriculture; Arts, Culture, Handicrafts; Civic Participation; Clean and Green Technology; Communications / Media / ICT; Disabilities; Disaster Recovery; Education; Employment, Livelihood, Income Generation; Enterprise Development, SME; Fair Trade, Organic Products; Food and Nutrition; Health; Housing, Shelter, Homelessness; Natural Resources / Conservation; Sanitation, Waste Management; Tech; Training, Technical Assistance Services; Water; Web, SaaS, Online Tech; Women, Girls

providing funding for these regions

  • US, Canada