<ul><li>CAIC: An Alternative Source of Financing  </li></ul><ul><li>CCINC – CSR Workshop </li></ul><ul><li>Winnipeg, MB </...
What is CAIC? <ul><ul><li>Canadian Alternative Investment Cooperative </li></ul></ul><ul><ul><li>Founded over 20 years ago...
What is CAIC? (cont.) <ul><ul><li>Assets greater than $7 million </li></ul></ul><ul><ul><li>Investment Portfolio of $4 mil...
Clearly Defined Investment Criteria <ul><li>Social Benefit </li></ul><ul><li>Financial Soundness </li></ul>
Measures of Social Benefit <ul><ul><li>Alternative Economic Structure </li></ul></ul><ul><ul><li>Personal Empowerment </li...
Key Elements of Success <ul><ul><li>A Good Track Record </li></ul></ul><ul><ul><li>Community Support </li></ul></ul><ul><u...
Key Elements of Success  (cont.) <ul><ul><li>Collateral </li></ul></ul><ul><ul><li>Sufficient Capital </li></ul></ul><ul><...
Social Enterprise Financing <ul><ul><li>Community Loan Funds </li></ul></ul><ul><ul><ul><li>CAIC is interested in partneri...
Social Enterprise Financing <ul><ul><li>Community Loan Fund Lending Parameters </li></ul></ul><ul><ul><li>Step-up loans to...
Fonds Communautaire d’Emprunt de la Mauricie <ul><li>Micro support  </li></ul><ul><li>Established track record  </li></ul>...
www.caic.ca
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Alternative Financing For Community Based Projects

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Alternative Financing For Community Based Projects

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

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