Green Community Fund
In partnership with Community Investment Corporation, Green Business Boot Camp graduates gain access to low-cost, short-term microloans to finance projects that will achieve a 20% or more reduction in energy, water, transportation, and/or waste, as well as achieve community benefits.
Learn more about Green Business Boot Camp here!
The Green Community Fund is currently only open to businesses in the Southern Arizona (Pinal County and south).
What is "Social Underwriting"?
Social underwriting is the process used by microfinancers like Kiva. While banks and most other financial institutions use a data-based system, examining credit score, cash flow, and collateral value, social underwriting is a more personal, character-based approach.
During the Private Fundraising Period, borrowers are asked to show a network of people, somewhere between 5-25 lenders, who will vouch for you by lending to your campaign. Then borrowers move to a Public Fundraising Period, where they have 30 days to fully fund their loan through a network of lenders.
For more about Kiva's process, visit: www.kiva.org/about/how. The Community Investment Corporation is committed to working with SCALE UP participants to provide technical assistance and resources to help you reach your funding goals.
And Traditional Underwriting...
Traditional underwriting is a process most financial institutions use to determine if a borrower's loan application is an acceptable risk using three main factors, often called the three C's:
credit
capacity
and collateral
For more about the Community Investment Corporation, visit www.cictucson.org.
