Innovation in Community Impact Investing

Nov 18, 2019 9:50 AM ET

by Andy Posner, founder, Capital Good Fund 

According to US SIF: The Forum for Sustainable and Responsible Investing, Socially Responsible Investing (“SRI”) has reached the $12 trillion asset mark. Unfortunately, the vast majority — 97 percent, to be precise — comprises investments in the traditional capital markets in which decisions are made using Environmental, Social, or Governance (“ESG”) criteria. While I applaud people adding ESG screens to their portfolio, it is imperative that we find ways to support direct, community-level investments.

Innovative nonprofits are at the forefront of driving social change, but for them to scale they must attract significantly more capital. Fortunately, at Capital Good Fund (“Good Fund”), a nonprofit Community Development Financial Institution that provides small-dollar consumer loans to the economically marginalized, we have been testing a solution for over three years. Before diving into the innovative solution, it is important to state the problem...

Read Andy's insightful article here 


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