Web web web web web Site Re Re Re Search Island Foundation makes a $500,000 loan to Capital Good Fund

Rhode Island Foundation makes a $500,000 loan to Capital Good Fund

Funds will allow the nonprofit loan provider to assist more Rhode Islanders with affordable loans for COVID-19 relief, transport, housing

The Rhode Island Foundation has produced $500,000 loan to Capital Good Fund. The Providence nonprofit will utilize the money in order to make below-market, short-term loans to customers that do perhaps maybe not be eligible for a traditional funding for costs pertaining to the crisis that is COVID-19 other key requirements, such as for instance buying or fixing a car or truck and safety deposits.

Find out about the Foundation’s influence Investing effort; find out more about Capital Good Fund.

Our other effect opportunities

After are snapshots of extra effect opportunities, by date they certainly were made:


The Public’s broadcast received that loan of $1 million to pay for donor pledges during its money campaign. The mortgage permitted the place to shop for and relocate its FM sign to simply help expand its market and development. Read more