Saint John Community loan Fund

Impact Areas:

Saint John community

Abbreviation:

n/a

Website:

Funding Amount:

< $5k

Geographic Area:

Saint John, New Brunswick

Summary:

The loan Fund promotes community investing. It recruits investments to build its loan pool and donations to safe-guard the loan pool against losses. The loan Fund converts the investment to loans to help people in the Saint John community start businesses, get back to work, or secure housing. loans go to people who live in the community who have good ideas, and the desire to get ahead, but who don’t have the income, assets, security, or credit history to get a loan elsewhere.

Program Objective:

Local community members of Saint John who seek to create businesses, improve employability, and ensure access to housing

Investment Type:

Investing, Loans

Key Features:

Business loans: >$7,500, Return to work: > $2,500 Securing housing: > $1,000

Client Group:

Individuals