St. Lucie County, FL, June 29, 2015 – The Solar and Energy Loan Fund (SELF) is pleased to announce that the non-profit community lending organization has secured more than $1,000,000 in new loan capital this fiscal year from multiple non-governmental sources, including banks, faith-based organizations, impact investors and international crowdfunding efforts.
The most recent $300,000 investment was approved by Monarch Community Fund, LLC, which is managed by the Calvert Foundation. Since 1995, more than 15,000 Calvert Foundation investors have invested more than $1 billion in their portfolio partners. The Calvert Foundation enables people to invest for social good, such as affordable housing, creating jobs, protecting the environment, and working in numerous other ways. Additional investments have also been secured by SELF this year from First Green Bank, the Sisters of the Holy Names, the Sisters of Nazareth, and hundreds of individual lenders from around the world through Kiva.org and their international crowdfunding platform.
SELF’s Chief Financial Officer, Ms. Duanne Andrade, said, “It’s an honor to be considered worthy of an investment from such a prestigious global investor such as the Calvert Foundation.” She added, “SELF has now raised more than $3.5 million in loan capital worldwide.”
SELF uses the low-cost capital to provide low interest rates financing for working class people to complete much-needed home improvements, such as, energy efficiency, solar technologies, wind-hazard mitigation, and water conservation projects. To date, SELF has financed more than $3.5 million of home improvements in 30 jurisdictions across the Sunshine State, with 70% of the loans for low and moderate income homeowners and 40% for women. SELF has also developed special programs to assist women in distress and Veterans.