{"id":7478,"date":"2020-03-19T14:16:40","date_gmt":"2020-03-19T14:16:40","guid":{"rendered":"https:\/\/fcpr.org\/?page_id=7478"},"modified":"2020-08-31T15:33:15","modified_gmt":"2020-08-31T15:33:15","slug":"community-investment-fund","status":"publish","type":"page","link":"https:\/\/www.fcpr.org\/en\/community-investment-fund\/","title":{"rendered":"Community Investment Fund"},"content":{"rendered":"<h2 class=\"wp-block-heading\">Growing financial investments in communities<\/h2>\n\n\n\n<p>The  <strong><a href=\"https:\/\/issuu.com\/fundacioncomunitaria\/docs\/fic_-_ongs_2019?fr=sN2MzNjYxNTk4Mg\">Community Investment Fund<\/a><\/strong> (FIC, in Spanish) of the Fundaci\u00f3n Comunitaria de Puerto Rico (FCPR) granted $290,000 in loans in 2017 to two nonprofit organizations (NPOs). In 2018, the amount granted stood at $992,219 in loans to four organizations, for a combined social investment in both years of $1,282,219.<\/p>\n\n\n\n<p>The FCPR established the FIC in 2016, as an innovative financing program that provides access to capital to NPOs to activate community economic development. Eligible activities include: capitalizing community loan programs; buying and rehabilitating social interest housing; obtaining operational capital; and, financing projects that generate economic and social results.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/fcpr.org\/wp-content\/uploads\/2020\/03\/tabal-fic-1.jpg\" alt=\"\" class=\"wp-image-7447\" width=\"344\" height=\"278\" srcset=\"https:\/\/www.fcpr.org\/wp-content\/uploads\/2020\/03\/tabal-fic-1.jpg 688w, https:\/\/www.fcpr.org\/wp-content\/uploads\/2020\/03\/tabal-fic-1-300x242.jpg 300w\" sizes=\"auto, (max-width: 344px) 100vw, 344px\" \/><\/figure><\/div>\n\n\n\n<p>The\ninstrument is similar to funds created in the U.S. mainland by community\nfoundations, through self-funding. The FCPR made a first injection of $500,000\nand was followed by other investors: Angel Ramos Foundation; Banco Popular;\nScotiabank; First Bank; Oriental Bank; and Banco Santander (2016-2018).<\/p>\n\n\n\n<p>The FIC represents a unique opportunity for nonprofits since interest rates are low, repayment terms are easy, and the entity is provided with financial and administrative advice, and support to control the risk.<\/p>\n\n\n\n<p>\u201cThe FIC has been an innovative instrument for nonprofit organizations to gain access to financial capital. This serves several goals: the generation of economic activity through jobs created and retained, and suppliers that are commissioned; it gives organizations and investors a vehicle to obtain a financial return; and it provides results for the community through the services and programs the organizations offer,\u201d said Vice President of Program and Administration, David Haddock.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">For more information, please call 787-721-1037. <\/h4>","protected":false},"excerpt":{"rendered":"<p>Growing financial investments in communities The Community Investment Fund (FIC, in Spanish) of the Fundaci\u00f3n Comunitaria de Puerto Rico (FCPR) granted $290,000 in loans in 2017 to two nonprofit organizations (NPOs). In 2018, the amount granted stood at $992,219 in loans to four organizations, for a combined social investment in both years of $1,282,219. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"give_campaign_id":0,"footnotes":""},"class_list":["post-7478","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Community Investment Fund - Fundaci\u00f3n Comunitaria de Puerto Rico<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fcpr.org\/en\/community-investment-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Community Investment Fund\" \/>\n<meta property=\"og:description\" content=\"Growing financial investments in communities The Community Investment Fund (FIC, in Spanish) of the Fundaci\u00f3n Comunitaria de Puerto Rico (FCPR) granted $290,000 in loans in 2017 to two nonprofit organizations (NPOs). In 2018, the amount granted stood at $992,219 in loans to four organizations, for a combined social investment in both years of $1,282,219. 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