MDF ✨ Your September Community Update

September 2021 recap

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2021 Community Finance Fellows: Xitlali Ceballos, David Ritcherson, Farah Velasquez

With Community Finance Fellows joining us earlier this month and new team members coming onboard nearly every month this summer, we are grateful for fresh energy and new perspectives to use finance as a tool for change.

This summer, we:

Welcomed fellows Xitlali, David, Farah; and new team members Edwin, Melissa, Oralia, and Thai. Meanwhile, Laura established a new role at Mission Driven Finance.
Made new loans to coding school Sabio from our place-based Advance Strategy and Space 4 Art via the COVID-19 nonprofit loan program
“Graduated” portfolio companies Kid Ventures, LuckyBolt, and Cygenex (formerly Gene Tox Lab Solutions), which paid off their investments early
Made a splash in the affordable and middle-income housing market
Supported a new fund with our partner Project Equity to help businesses transition to employee ownership

Many of you are early supporters of Mission Driven Finance and can appreciate how significant these moves are for our efforts in connecting capital with community. Thank you for being a part of our growth.

Stay well and take care of each other,

Lauren Grattan
Co-founder & Chief Community Officer

Check our jobs page and follow us on social media for the latest openings.

Share these opportunities with those you know who want to use finance as a tool for change:

Financing for many kinds of small businesses & nonprofits

Mission Driven Finance supports funds across the U.S. that increase access to education, health, and wealth. The programs below currently have capital available for businesses and nonprofits. With different investor interests, each program has a unique profile.

See if one might fit your needs:

MEET OUR PORTFOLIO COMPANIES

Lauren will be speaking with Smitha Das of World Education Services and Stephanie Thomas of Impact America Fund at SOCAP21—a premier gathering of impact-focused leaders—about using catalytic capital to support immigrants and refugees.

She’ll also be at ESG for Impact in Colorado Springs with many of our fellow B Corp financial firms. She joins Ivy Jack of NorthStar Asset Management and Mark Watson of Potlikker Capital to kick off the JEDI: Justice, Equity, Diversity, and Inclusion track. Drop a note if you’ll be there!

MDF in the headlines:

Opinion: Here’s how we can help middle-income families in San Diego buy homes [The San Diego Union-Tribune]
Project Equity launches new financing option to help local businesses build for the future [Cision PR Newswire]
190 units of affordable housing coming to El Cajon Blvd. [San Diego Downtown News]
Employee Ownership Catalyst Fund raises nearly $5 million to back worker-ownership conversions [ImpactAlpha]
Employee Ownership Catalyst Fund Preserves Local Businesses and Jobs [Fifty by Fifty]
Fund Profile: Mission Driven Finance [Ownership Matters]

SEE PORTFOLIO UPDATES & WHAT ELSE WE'RE READING 📖

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