161 Pageviews Read Stories
- EIN 36-4369806
- 2026898935
- 1444 I St. NW Suite 201 Washington DC 20005 USA
- www.pcgloanfund.org
- Add to Favorites
Promote This Nonprofit
Nonprofit Overview
Causes: Community & Neighborhood Development, Economic Development
Mission: Partners for the Common Good, Inc. ("PCG") mission is to promote economic justice and social change by providing access to debt capital to community-based ventures that advance the "common good". PCG seeks to support innovative organizations and emerging sectors that have high potential to create economic opportunities for low-income people, women, people of color, at-risk populations, and others who are often left out of the economic mainstream. PCG's borrowers include: (1) community-based nonprofit organizations, (2) nonprofits engaged in social enterprise or operating social purpose businesses; (2) mission-oriented enterprises; and (4) international development organizations promoting microfinance and fair trade. Eighty percent (80%) of PCG's portfolio is dedicated to borrowers who work domestically, and 20% is lent to international organizations with U.S. based afflilates. By investing in change agents, PCG aims to: * Build the sustainability of organizations and expand the overall capital base to support community-based initiatives; * Model innovative and emerging strategies for community building; * Broaden interest and involvement in the community investment movement and provide opportunities for socially-motivated investors to dedicate a portion of their resources to work in communities.
Programs: PCG offers highly flexible loan products that are tailored to the needs of nonprofit and double bottom line businesses. PCG also provides one-on-one technical assistance to borrowers as a means of enhancing organizational capacity, fostering sustainability, and building business skills. Over 16+ years, PCG and its predecessor funds have made over 130 loans and other financings in 34 states, two U.S. territories, and nine foreign countries, originating nearly $17 million dollars. Historically, approximately 80% of our borrowers serve communities in the domestic United States and 20% serve international organizations. These loans have benefited thousands of low income families and communities served by PCG's nonprofit, double bottom line business, and CDFI borrowers. Furthermore, by helping new and emerging sectors demonstrate their creditworthiness, PCG has helped its borrowers leverage significant dollars from other sectors. An analysis of PCG 2000's (1994-2000) loan portfolio found that its $8 million in lending cumulatively helped borrowers leverage $82.4 million.