2023 Impact Report Hot off the presses: RIIF’s 2023 impact report is now live! RIIF continues to prove that flexible loan terms and capacity building support are combination that catalyzes growth for social enterprises, and 2023 was a landmark year in that capacity. The report includes lifetime performance, details on who our loans are serving, and a …
Written by: Emilie Linick, Senior Director, REDF Impact Investing Fund This spring, we’re celebrating a major milestone! REDF Impact Investing Fund (RIIF) has closed its largest loan to date: $1 million to repeat RIIF borrower and REDF Community member Suay Sew Shop. Suay is a Los Angeles-based sustainable sewing and production company, founded in 2017. …
Written by: Carrie McKellogg, CEO, REDF Impact Investing Fund On the day Alabama executed a man using nitrogen gas (and a mask out of Oppenheimer), I looked to my right at the Governor’s shiny white palace the state pays to power wash every year (while 22% of children in Alabama lived in poverty in 2022), and …
Our 2022 Impact, Industry Recognition, New Loans, and More! Building Momentum In 2022, RIIF laid the groundwork for further scaling operations and lending volume. RIIF closed four new loans and increased or provided renewals for two existing loans, totaling $1.65M, all while doubling-down on its commitment to originate core loan products to high-impact social enterprises …
In 2017 REDF launched its Impact Investing Fund (RIIF) to meet a growing need within the employment social enterprise community for flexible funding to accelerate growth in the field. Today RIIF is a certified Community Development Financial Institution (CDFI) – a lender dedicated to providing credit to mission-driven businesses and increasing financing available to communities …
RIIF Welcomes New Board Members Terry Ing is a Managing Director at KKR, where he is a portfolio manager for KKR’s leveraged credit funds and a member of the U.S. Leveraged Credit Investment Committee and KKR Credit Portfolio Management Committee. Cedric D. Thurman is Executive Vice President at Federal Home Loan Bank of Chicago, where …
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 …
RIIF Now a Certified CDFI: RIIF is now a certified CDFI! Certification is a formal acknowledgement from the U.S. Treasury’s CDFI Fund that RIIF prioritizes financing to underserved communities. RIIF’s CDFI certification will unlock additional flexible capital to help catalyze growth in RIIF portfolio companies and create more jobs for overlooked talent nationwide. Many large …
New Investments Fuel RIIF’s Work: REDF Impact Investing Fund (RIIF) recently received two exciting investments. RIIF was selected as part of the University of California San Francisco’s Community Investment pilot, receiving $1M to invest in Bay Area businesses that employ and equip people overcoming barriers to work. The fund was also awarded a $1M loan from …
This giving season, invest in an economy that works. For everyone. Your gift to REDF fuels our investments in businesses that break down barriers to employment nationwide. Support REDF today. Shop the Social Enterprise Gift Guide This holiday season, give meaningful gifts that move the needle on the issues that move you. Featuring products from …