Breaking The Rules : Strategies For The Survival Of Small Investment Funds

Abstract

By definition, the credit needs of marginalized communities and populations are unlikely to be met by conventional means. Reflecting on the success of BCA Holdings, Inc., Greg McCleod, one of the pioneers of CED and Community Development Finance in Canada, offers community loan funds some unconventional advice: share resources to reduce the costs of staffing and overhead; create loan funds to finance interest-free mortgages; take a multifunctional approach in community business so profitable activities can support unprofitable ones; and create community investment funds that allow people to invest their RRSP locally.