Community Development Loan Fund
The BVM Community has chosen to invest a portion of its investments in a Community Development Loan Fund. This fund allows us to use our financial resources by investing in people and projects for a specified time.
Win-win situations are created as economically disadvantaged persons receive loans from BVM Community and other groups that enable them to work toward self-sufficiency. Loans for non-profit housing initiatives, for example, enable families to live in decent, affordable housing for the first time.
After a specified time, the principal-the amount loaned-is returned, to be loaned out again.
Through our alternative investments we celebrate that our core values of charity, freedom, education and justice are expressed in our use of money as well as in the work and prayer of our sisters.
Type of Investment:
CDs, loan funds, credit unions, micro-lending funds
Community Investments Initiated Since 1987:
Underserved communities; housing; micro-lending funds; women and children.
Sample of Community Development Loan Fund Recipients
- Central Appalachian Peoples
- Chicago Community Loan Fund / Dubuque Rescue Mission
- Lakota Fund
- Humility of Mary Shelter
- Memphis Area Development Corp.
- Mercy Loan Fund
- Native American Bank
- Northern California Community Loan Fund
- Portland Youth Builders
- Self Help Child Care/Working Boys Center, Quito, Ecuador