REDF Impact Investing Fund: Summer 2024 Newsletter

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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.

Read the report –>

RIIF Closes Largest Loan To Date

A group of Suay Sew Shop employees pose outside of their LA warehouse facility, with the words "New loan: Suay Sew Shop" as a graphic in orange beneath them, and a RIIF logo in the top righthand cornerThis 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.

Graphic on blue background showing the words "$10M in loan capital deployed through REDF Impact Investing Fund" plus the RIIF logo in the top right corner

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.