Grameen America is a non-profit micro-finance agency, serving low income women in Greater Boston neighborhoods. Grameen American replicates the circle lending model pioneered by Nobel Peace Prize recipient Muhammad Yunus in the first Grameen Bank in Bangladesh. Grameen America has disbursed over $135 million in small loans since its founding in 2008. The Boston Impact Initiative provided an operating grant and loan to facilitate the opening of a Grameen branch office in Boston. Learn more
The Cooperative Fund of New England (CFNE) is a community development loan fund that facilitates socially responsible investing in cooperatives, community-oriented nonprofits, and worker-owned businesses in New England and adjacent communities in New York. The Boston Impact Initiative is an investor in their Social Investment Fund. Learn more
Tackling the Law, Together: A Legal Guide to Worker Cooperatives Generally and in Massachusetts is a report produced by the Community Enterprise Project of the Harvard Transaction Law Clinic, Boston Center for Community Ownership, Greater Boston Legal Services and Sustainable Economies Law Center that covers legal aspects of worker cooperatives, cooperative conversions, and financing.
Capital Compass Tool from the New Hampshire Community Loan Fund helps entrepreneurs figure out what kind of capital they need.
In The Wall Street Journal’s The Payoff of Investing Locally, Boston Impact Initiative’s founding partner Deborah Frieze and other investors talk about why it matters to invest in their local communities.
Strategies for Financing the Inclusive Economy by The Democracy Collaborative is a report that shares financing strategies and case studies of efforts to create broad-based ownership models for job generation and building community wealth in the areas of employee stock ownership plans, social enterprise, hybrid enterprises, and municipal enterprises.