The Conrad Prebys Foundation announces a $1 million program-related investment (PRI) in Care Access Real Estate (CARE) as part of their landmark commitment to invest $100 million over the next ten years advancing the well-being of San Diego.
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We’re planning to reach ONE BILLION DOLLARS over the next few years, after having crossed $100 million in AIC at the end of 2023.
Transformative Loans: San Diego County’s COVID-19 Nonprofit Loan Program Yields $5.2M Repayment and Reinvestment in Community
The loan program bolstered the work of 26 nonprofits serving the region throughout the COVID-19 pandemic.
This fall, we reached a landmark moment, flowing over $100 million in assets into the community since our founding.
“The Fibers Fund is designed to be catalytic by taking a holistic approach that helps fiber entrepreneurs receive the right-size capital and targeted support that they need to grow their business.”
San Diego Habitat for Humanity received new investments through impact asset manager Mission Driven Finance, expanding on their prior collaboration.
We’re leaning into radical imagination: ideating how to help route the flood of once-in-a-generation federal resources so that Indigenous and overlooked communities can flourish for years to come.
Vice President Kamala Harris Announces New Investment Fund to Expand Access to Capital for Entrepreneurs of Color
At the Freedman’s Bank Forum, VP Harris and the Initiative for Inclusive Entrepreneurship (IIE) announced new dedicated investment vehicles with a goal of raising $80 million in private and philanthropic capital to leverage federal funding for entrepreneurs of color.
Summer has wound down, and we continue to activate a bevy of intentional impact capital vehicles, including closing 5 homes for child care.
Meet the first five grantees of the Fibers Fund: Botanical Colors, Fibrevolution, MAHDIYYAH, Kept Studio, and ROOLĒ.
Since its launch, WEPOWER Capital has invested in 3 St. Louis Black and Latinx-owned companies: Bold Xchange, RooterMan by J3 Enterprises, and Cheryl’s Herbs.
We wrote this North Star into the company theory of change: “Financial systems that perpetuate poverty are flipped to systems that eradicate it.” Systems change sounds really cool, but admittedly can be hard to picture. It is thrilling to see it coming into clearer focus, hopefully for you too.
It’s a lot of fun and a lot of work reconnecting capital and community. We’re thrilled to have new teammates that are up for doing both. Please help me welcome newcomers from the last few months of busy recruiting.
This year has started off with strange weather (certainly here in California) and many disheartening reports of violence and discord, but we still believe that centering community in finance can help change those trajectories.
As we approach the end of the year, the Mission Driven Finance team is thrilled for how far we’ve come and where we’re going in 2023.
October saw a good chunk of our team traveling for conferences and connecting with our community in person.
If your business is too big for microfinance and SBA loan but too small for traditional banks, our impact-based loans can fill the gap.
Three years ago, a $12M project was designed to transform the lives of the youth in Southeast San Diego with Access Youth Academy.