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 few snapshots of success stories.
RIIF Closes Largest Loan To Date
This spring, RIIF is celebrating the closure of our largest loan to date: $1 million to repeat borrower Suay Sew Shop.
Suay is a Los Angeles-based sustainable sewing and production company that’s working to reverse the historical workforce exploitation in the fashion industry. The company offers a community dye bath, garment repair shop, and post-consumer sustainable apparel and home goods store.
RIIF’s loan will support Suay in expanding to a new location and employing more people.
Crossing a $10M Milestone
REDF Impact Investing Fund crossed a major threshold: we have now closed $10 million in high-impact loans to employment social enterprises.
Passing this momentous capital milestone validates our work in two key ways:
First, RIIF is making a difference helping to rectify the systemic inequity of access to capital. Many RIIF borrowers have been traditionally shut out of access to funds — they now have the investment they need to pursue their goals.
Second, RIIF investments have ripple effects that benefit full communities. Our borrowers are thriving; they are leveraging RIIF’s loan capital to fuel growth and employ more people.
