What We Do > Impact Lending
In response to demand from our employment social enterprise partners, REDF launched its Impact Lending Practice in 2017 to provide an important tool to accelerate the growth of the field. REDF is demonstrating a model for how flexible loan terms combined with technical assistance can improve borrower performance and attract new sources of capital to employment social enterprises.
The REDF Impact Investing Fund (RIIF) is a 501(c)(3) debt fund that provides loan capital and technical assistance to nonprofit and for-profit employment social enterprises. RIIF supports borrowers to improve their financial sustainability and strengthen their businesses so they can employ and empower more individuals striving to chart a new course in life.
RIIF is aligned with our existing venture philanthropy portfolio, and targets the following industries:
Employment social enterprises that meet the following eligibility criteria are encouraged to contact Emilie Linick, Director of Impact Lending at ELinick@redf.org:
Please download our Impact Lending FAQ.
To date, seven loans totaling $1.2M have been put to work to accelerate social enterprise growth.
Receive updates and announcements about the REDF Impact Investing Fund.
May 31, 2018
By Carla Javits on March 20, 2020
By Carla Javits on March 3, 2020