Access Community Capital Fund Access Community Capital Loan Fund
Product Details
Product Name: Access Community Capital Loan Fund
Overview: Individual loans of up to $5000 ($10,000 for second time borrowers) are made using a character based lending decision, where the abilities, skills and commitment of the applicant in conjunction with the strength of the business plan are key decision criteria. ACCESS funds made up of investments from socially minded individuals and organizations are used to guarantee the loans. The loans are disbursed through our financial partners, Alterna Savings and CIBC. ACCESS clients are typically entrepreneurs who have been running a business less than two years and or just starting a new business. A new mini-loan program supporting internationnal trained professionals without access to credit was recently launched. The borrower may be a new immigrant, have little or no credit history, or may have a poor credit record due to unemployment, illness or unforeseen life event.
Issues Focused: Sustainable Cities and Communities
Asset Class: Private Debt
Geography: Ontario
Impact Measurement
IRIS 4.0 Social Impact Objectives: Access to Education, Access to Financial Services, Capacity Building, Community Development, Employment Generation, Equality and Empowerment, Income/Productivity Growth
IRIS 4.0 Environmental Impact Objectives:
IRIS 4.0 Targets: Children (<10 years old), Adolescents (10-18 years old), Adults (>18 years old), Minority/previously excluded populations, Women, Other At-Risk populations
Impact Evidence Type: Output Data: Report a selection of relevant investee outputs consistent with impact goals.
Access Community Capital Fund

Last updated by Access Community Capital Fund on 05 Nov 08:20

Investment Details
Legal Structure: Other
Product Stage: Not Specified
Part of Series: First
Investment Availability: Open
Minimum Investment: $1
Investor Eligibility: Institutional Investors, Foundations/Endowments, Accredited Investors, Retail Investors
Assets Under Management: AUM < $1 million
Average Management Fees %:
Average Performance Expectations: 0% ≤ Expectations ≤ 4%
Performance To Date: At Expectations