Community Investing
Community investing, a subset of socially responsible investing, allows for investment directly into community based organizations. Community investing institutions use investor capital to finance or guarantee loans to individuals and organizations that have historically been denied access to capital by traditional financial institutions. These loans are used for housing, small business creation, and education or personal development in the US, or are made available to local financial institutions abroad to finance international community development. The community investing institution typically provides training and other types of support and expertise to ensure the success of the loan and its returns for investors.
Community investing grew more than 60% from 2007 to 2010. Assets held and invested locally by community development financial institutions (CDFIs) based in the US totaled $41.7 billion at the start of 2010, up from $25 billion in 2007.
Read more about this topic: Socially Responsible Investing, Modern Applications
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