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REDF Impact Investing Fund Summer 2022 Newsletter

RIIF Secures New Investments:

The Conrad N. Hilton Foundation has approved a $2 million Program Related Investment (PRI) to support RIIF’s ongoing work to fuel the growth of the employment social enterprise sector and build a more inclusive economy. This funding will expand RIIF’s lending capacity, with a focus on supporting enterprises that employ people who have experienced homelessness and youth who are disconnected from work and school.

RIIF also received a $250K PRI from Employment Technology Fund (ETF@JFFLabs). ETF is an early-stage impact investment fund that partners with a diverse group of entrepreneurs who are building innovative technology solutions that help workers in low-to-middle-wage jobs build in-demand skills and access employment opportunities that lead to economic advancement.

Meet Our Newest Borrower:

Rebuilding Exchange

Location: Chicago, IL
Investment: $100k line of credit
Industry: Construction & Extraction
Impact: A $100K line of credit from RIIF will allow Rebuilding Exchange to bridge payroll expenses for a new pre-apprentice training program while they await reimbursement from an awarded Illinois Works Grant. Read more

Meet Our Team

From impact investing and banking to small business lending and working at CDFIs, our team brings a broad range of skills and experiences to help scale our lending program. Meet the team:
Carrie McKellogg, CEO
Emilie Linick, Director, Impact Lending
Karina Vadillo, Senior Manager, Loan Originations
Meghan Christenson, Senior Manager, Loan Portfolio
Brysan Brown, Senior Associate, Impact Lending

New Product: Lines of Credit

RIIF offers lines of credit, a useful financing tool for businesses that experience cash flow timing challenges while they balance awaiting payment on government or contract receivables with making timely payments on operating expenses such as payroll. Click to see if your social enterprise is a fit!


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