by Oscar Perry Abello "The Chicago Community Loan Fund (CCLF) started out 25 years ago, with a $200,000 seed investment. Today, the community development financial institution’s assets are $67 million. Much of that expansion happened in the last decade, as CCLF quadrupled its assets and quadrupled its annual loan volume. Yes, since 2006, through the [...]
Aeris has issued its first-ever rating of a CDFI outside the U.S. Social Investment Scotland (SIS), a United Kingdom-based CDFI loan fund received a rating of AAA2, the highest impact rating (AAA) and second-highest financial strength and performance rating (2). Learn more about Aeris ratings. SIS said in a statement that it initiated the rating in [...]
If you’ve spent any time exploring local investing, you’ve probably encountered CDFIs. And it’s not unlikely that you were slightly confused about what, exactly, these organizations are. CDFIs can be befuddling to a new investor, in part due to the many shapes and sizes in which they come. So what kind of investment opportunities do [...]
"Even as impact investing gains credibility among both retail and institutional investors, measuring its actual impact is still kind of an unknown quantity. To rectify that, last month several major players in the space announced a plan to join forces in an effort to define and collect standardized data on the impacts of community loan [...]
Aeris' President & CEO Paige Chapel spoke to Upscale Magazine about CDFIs and community investing for a feature story about investing tips in the magazine's February 2015 edition. Pick up a copy at your local newsstand to read the full article.
"Paige Chapel is all about community investing. Her goal as the head of Aeris “is to help position CDFI loan funds over the next decade as part of a recognized investment class in mainstream financial markets." Read the full article and watch the video interview with Paige Chapel at yourmarkontheworld.com.
"I think what CARS, or Aeris, does is a service to the entire industry because it offers a process that adds credibility. As more and more of us get rated, we’re likely to see a critical mass of investors come in who are able to use those ratings to gain a better understanding of each [...]
"To help investors explore the hundreds of funds that operate in the niche, the rating service formerly known as the CDFI Assessment and Rating System (CARS) this week rebranded itself and launched Aeris Cloud, an online portal that offers data and analytics on the financial performance and social impact of these community investments. Among other [...]
"Looking for a low-risk way to invest in do-good projects like solar power for affordable housing, micro-loans for Native Americans or financial services for immigrants? Welcome to the world of community development finance institutions (CDFIs)—a virtually invisible $30 billion-plus industry of more than 1,000 mostly nonprofit, revolving-loan funds that includes credit unions, banks and venture capital [...]
"Last week, CARS announced the launch of a call reporting system through which CDFIs will share quarterly performance data with their investors." Full story.