Community development financial institutions have a long history in the US, and the country was admired by others for the success of its CDFI sector. Will a Trump order weaken this legacy?
Campaigners shocked as one of the US president’s latest executive orders could slash work of community development financial institutions, which offer capital to underserved entrepreneurs and businesses.
Community development finance institution Salad Money says £40m commitment will help it meet “rocketing demand” for credit, and help NHS and other public sector workers to avoid payday lenders and loan sharks.
How do you scale up your organisation to achieve more impact? To find out, the head of the UK's Responsible Finance spent a "mind-opening" week in Stanford – returning with three key lessons.
PLUS: EdTech Provider APDS gains US$7m to 'transform the correctional system'; new report calls for US$6trn in impact investing improve urban slums; Wysa raises US$20m to expand AI-powered mental health services, and more.
PLUS: Willicroft targets new markets with €2m raise; UK’s CDFI lending jumps by a third in one year; appetite for impact investing rises; Lendahand crowdfunding platform shifts gear; and much more.
Conservative MP and civil society review author Danny Kruger highlights new funds that social enterprises should watch, adding that Treasury ministers are “very supportive” of social enterprise – but also “very distracted” right now.
Unity Trust Bank is on track to hit its three-year lending target of £100m by the end of 2015, according to its new Social Impact report, and aims "to become the go to bank for the civil society" in the UK.
