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.
In the last few months, four strategies with client-partners made the first investments into the community, we welcomed new partnerships and portfolio companies, and the second cohort of community finance fellows graduated.
We sat down with our Chief Legal Officer Joe Pileri to learn about fund basics and what a fund is in the context of impact investing and Mission Driven Finance.
This quarter marks a huge milestone in Mission Driven Finance’s history—we have now flowed over $50 million in “assets into community” (AIC) across more than 100 loan transactions!
Our team is celebrating a huge milestone: We’ve flowed over $50 million in assets into the community as of July 31, 2022!
No summer slowdown here, we are seeing tons of activity across our various funds.
We’re welcoming summer, (safe) gathering, and new fund launches with our partners—and still mourning that the long battles against COVID-19 and systemic bias continue.
Reflecting on Memorial Day and the second anniversary of George Floyd’s murder, it’s easy to feel like we’re treading water as a society. But we believe in the power of freedom dreams and radical imagination to continue building a future that works for all.
Hilltop Crossing, a new development in San Diego, not only creates middle-income housing but also engages diverse subcontractors and includes energy-efficient features.
Reflecting on Memorial Day and the second anniversary of George Floyd’s murder, it’s easy to feel like we’re treading water as a society. But we believe in the power of freedom dreams and radical imagination to continue building a future that works for all.
I was honored to join The Brookings Institution for a panel discussion on the state of Black businesses in America in partnership with the Path to 15|55 initiative. The panel amplified a new Brookings report taking a regional lens on Black business ecosystems.
The successful exit of the pre-development loan means construction has started! The first phase is scheduled to be completed in 2022.
Through their portfolios, WES Mariam Assefa Fund, Impact America Fund, and Mission Driven Finance demonstrate how funders and investors can provide mission-driven organizations with flexible funding to innovate and scale up solutions that build more inclusive economies where everyone can contribute and thrive.
