Shining a light on an impact investing niche
A new web portal has been launched that offers investors a clearer entry into the world of community development finance institutions (CDFIs.)
CDFIs comprise a niche inside the impact investing realm, usually consisting of unregulated loan funds devoted to funding local businesses and non-profits. While there is growing interest in these entities, whose funded programs can range from solar power for affordable housing to financial services for immigrants, they operate mostly under the radar of analysts and can be a baffling market to assess.
To help investors explore the hundreds of funds that operate in the niche, the rating service formerly known as the CDFI Assessment and Rating System (CARS) this week rebranded itself and launched Aeris Cloud, an online portal that offers data and analytics on the financial performance and social impact of these community investments. Among other things, the portal includes a “CDFI Selector” that enables investors to search by impact area (women, food, healthcare, etc.) as well as various tools to compare CDFIs with one another.
To read the rest of the story, go here:
For more info on Aeris (formerly CARS), see my prior story here: