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Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
Alternative Financing For Community Based Projects
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Alternative Financing For Community Based Projects

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  • 1.
    • CAIC: An Alternative Source of Financing
    • CCINC – CSR Workshop
    • Winnipeg, MB
    • June 1, 2006
  • 2. What is CAIC?
      • Canadian Alternative Investment Cooperative
      • Founded over 20 years ago by religious communities
      • Members are registered Canadian charities within the faith community
      • Established to provide financing for groups working in the charitable, non-profit and social justice sectors
  • 3. What is CAIC? (cont.)
      • Assets greater than $7 million
      • Investment Portfolio of $4 million
      • Provides mortgages, construction financing, equity investments and loans
      • Alternative source to conventional lenders
      • Support innovative community economic models for poverty reduction
  • 4. Clearly Defined Investment Criteria
    • Social Benefit
    • Financial Soundness
  • 5. Measures of Social Benefit
      • Alternative Economic Structure
      • Personal Empowerment
      • Community Development
      • Barriers to Capital Formation
      • Start up
      • Potential
      • Marginalization
      • Dignity/Advocacy
      • Environment
  • 6. Key Elements of Success
      • A Good Track Record
      • Community Support
      • Strong Financial Skills
      • Committed Key Players
      • Manageable Debt
      • Multiple Sources of Income
      • Guarantees
  • 7. Key Elements of Success (cont.)
      • Collateral
      • Sufficient Capital
      • Management Skills
      • Economic Opportunity
  • 8. Social Enterprise Financing
      • Community Loan Funds
        • CAIC is interested in partnering with organizations that provide the necessary business skills & technical support to ensure successful social enterprises
        • Currently Invested in 5 funds totaling $150k
        • Three of the these funds are located in Quebec
  • 9. Social Enterprise Financing
      • Community Loan Fund Lending Parameters
      • Step-up loans to a maximum of $50,000
      • 30% Loan loss reserve to ensure CAIC’s funds are protected in the event of default
      • Broad-based financial support for operations
      • No application fee
      • Interest rates – 2% to 3%
      • Legal costs borne by borrower
  • 10. Fonds Communautaire d’Emprunt de la Mauricie
    • Micro support
    • Established track record
    • Evidence of committed operation funding
  • 11. www.caic.ca

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