News from around the world

‘First loss’ programme to help NPOs obtain debt finance

1 February 2009
www.alliancemagazine.org

The Lemelson Foundation has introduced a programme to encourage socially minded investors to provide debt financing to non-profits. First Loss Capital injects a ‘cash cushion’ into a financing deal. Under the programme, Lemelson lends money to the fund, which in turn lends it to the non-profit or social enterprise.

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