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scameron at calmeadow.com
03-27-2000, 03:53 PM
Hi Catherine

There is a Canadian handbook by the Social Investment Organizations and
the Self Employment Development Initative called "Mobilizing Local
Capital: A Community Investment Manual" that describes the context for
community investment, key stakeholders (credit unions, caisses
populaires, financial co-ops) various community investment mechanisms
(revolving fund, loan guarantee, equity) and start up.

Ordering: http://www.sedi.org/html/res/pubs/fs2_res_pubs.html
or www.web.net/~sio

The Toronto Star, March 18, 2000 had an article called "Fed up with
globalization? Invest Locally" featuring the ACCE$$ Riverdale Community
Loan fund in Toronto which has local investors and a loan review
committee. They give small business loans through the Metro Credit
Union. The article also featured the Jubilee Fund which is a coalition
of faith organizations in partnership with Assiniboine Credit Union in
Winnipeg. The fund promotes coops, community based businesses, housing
projects and social programs.

On Calmeadow's website, we have a list of loan funds that lend (under
$25 000 loans) to small businesses. Go to www.calmeadow.com, then
Canadian Small Business Lending and then click on Microloan Funds in
Canada. You will find contact information for each of the loan funds.

Potential factors of success - depends on whether you are measuring
success as a financially viable investment fund or evaluating the impact
of the program on the clients?

Susannah Cameron
Calmeadow
Phone: (416) 362 9670 x 247
Fax: (416) 362 0769
http://www.calmeadow.com

Catherine Ann Fuller wrote:

>
> Hello: I'm new to the list and am doing a major research paper on a model of
> Community Economic DevelopmentInvestment Funds currently underway and
> supported (with tax credits) by the provincial government in Nova Scotia,
> Canada. I was wondering if anyone out there has information on
> 1) potential factors of success for small scale, local, community based
> investment funds,
> 2) the role of financial institutions (Credti Unions in particular) in the
> success of community investment funds,
> 3) pointers on what to analyze in a case study application.
> 4) or just supportive comments....
>
> I am currently a senior student in the MBA in Community Economic Development
> program at University College of Cape Breton, in Sydney, Nova Scotia.
>
> Cheers,
> CA Fuller

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jrudin at yorku.ca
03-27-2000, 06:32 PM
The use of Labour Sponsored Investment funds to create jobs etc., in Canda
is examined in a critical fashion in Jim Sandford's recent book "Paper
Boom." He also takes a critical look at ethical investing - he's harder on
the latter than the former. The arguments are quite interesting, even for
those committed to labour sponsored funds and ethical investing.

Jonathan Rudin



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