The Omaha Community Foundation has launched the Community Loan Fund with the aim of accelerating positive social outcomes within our community through impact investing.
The Community Loan Fund differs from the standard grant-based philanthropy championed through the Omaha Community Foundation. The fund makes flexible, affordable loans to qualified nonprofits with the dual objectives of significant community impact together with a financial return.
The Community Loan Fund facilitates the local investment of additional charitable capital in response to community needs, where the organization or project being financed has repayment capacity.
The Community Loan Fund has already made local investments in the Nebraska Enterprise Fund, Native360 Loan Fund, and Midwest Housing Development Fund. Read the Entire Article
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Monika Mitchell, founder of Good Business New York, asks, Do You Have What it Takes to Be a Social Entrepreneur? She lists down the five P’s essential in every entrepreneur: Passion. Purpose. Plan. Partner. Profit.