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Social Dimensions
Who SFF can make a difference for and what is different about social finance loans versus traditional mainstream financial institutions:
Firstly, it is lending which the Banks will not do as they see the credit risk as too high. Secondly, it must have a social impact, either on communities or relevant individuals. Thirdly, it is directed primarily at not-for-profit organizations (for example in the case of micro enterprises, which are owner managed).
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When assessing lending proposals for their impact socially, SFF use the following criteria :-
- Assisting disadvantaged and vulnerable segments of our population
- Building strong local communities (rural and urban) and providing opportunities for individuals, especially those with low to moderate incomes
- Enterprise development, for communities and appropriate individuals, where there is an employment element, particularly for lower income individuals in economically challenged areas, where normal job prospects are difficult
- Funding cannot be obtained from mainstream institutions
The types of projects SFF would likely support would include, but not be strictly limited to :-
- Financing of low income micro business / enterprise
- Employment of individuals from disadvantaged backgrounds
- Community infrastructure and development
- Community centres
- Child care and education
- Elder care projects
- Local/community sports and tourism
- Special needs and addiction treatment
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