For social enterprises and non-profit organisations, access to capital means they can build financial independence, own assets, leverage greater community benefits, and develop capacity to build a sustainable long-term future.
As the funding landscape changes and major sector reform agendas are implemented across the country, community organisations will require capital in many forms to support their growth and development. This may include:
- Start-up capital to fund the redesign of services and products and the prototyping and marketing
- Investment capital to fund business and service delivery growth
- Capital for physical assets including facilities from which to deliver services.
There has been a steady increase in the sector demand for community finance. Initiatives supporting the demand are diverse, but are rooted in sustainable financial solutions for community organisations to get ahead in their work and address needs as they arise.
Community Development Finance Institutions (CDFIs) like Foresters Community Finance (Foresters) are stepping in to fill the gap that banks and other mainstream financial institutions do not serve. CDFIs work closely with community organisations to discuss strategies on how to access capital, build and leverage assets, and generate new revenue streams.
As a socially-focused financier and fund manager, Foresters believes that impact investment products are part of a growing global market trend delivering the opportunity to use capital to generate social, environmental or cultural outcomes.
For more information visit The Foresters Community Finance website.
On the Community Door website you can also: