Together we finance community development and encourage community engagement.
Our model of a participation network directly benefits our borrower organizations and the people they serve by providing more capital than individual financial institutions could on their own. Our participation lending network builds the capacity and expertise of local CDFIs committed to serving nonprofits and double bottom line businesses.
(August 10, 2010) The nation’s largest and most prestigious awards program for community development financial institutions (CDFIs) announced today that Partners for the Common Good (PCG) is a finalist for an award of $2.75 million in the highly competitive 2010 Wachovia Wells Fargo NEXT Awards for Opportunity Finance. Awardees will be announced prior to an awards celebration at Opportunity Finance Network’s (OFN’s) 26th Annual Conference in San Francisco, CA.
PCG can provide access to capital for borrowers working both domestically and internationally.
For borrowers working domestically, we principally operate as a wholesale participation lender. We provide our borrowers with capital by linking them to a national network of mission focused lenders and socially motivated investors. We are a leader in structuring innovative financing partnerships that serve a diverse group of high-social impact organizations.
Our Lending Partners serve low-income people and communities across the U.S. and internationally. These nonprofit and mission-driven for-profit institutions finance projects that promote affordable housing, neighborhood revitalization, entrepreneurship, and healthy communities.