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.
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
$500 - $20,000
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