Capital Good Fund
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AT GOOD FUND, WE ENVISION AN AMERICA FREE OF POVERTY.
It is not easy to escape from poverty. Low-income Americans face
numerous obstacles to building better lives for themselves and their
families. For many, the promise of the American Dream seems to be
slipping away. That's where we come in.
Capital Good Fund is a nonprofit, certified
Community Development Financial Institution
that helps people fix their finances. We offer
small loans
and
personalized Financial + Health Coaching
to families in Rhode Island, Florida, Massachusetts, and Delaware.
Our mission is to provide equitable financial services that
create pathways out of poverty.
Recognizing the endemic nature of American poverty—as well as
the interlocking issues that together form barriers to eradicating
it—we use financial empowerment in a holistic way to meet the needs of
our clients, foster true social mobility and chip away at the wealth
and opportunity gaps in our society.
OUR VALUES
At Good Fund we believe in big ideas for solving big problems in as little time as possible, for we agree that “justice too long delayed is justice denied.” We are inventive, daring, fun, ambitious. We are passionate about collaboration, open-source sharing, transparency, and authenticity. We are unafraid to forge a new path in the service of our mission. And we are single minded in our devotion to fulfilling Dr. Muhammad Yunus’s dream of putting poverty in the only place it belongs: museums.
EXPANSION
In late 2015 we embarked on a scaling plan that called for us to finance 17,000 loans over five years, with the goal of covering 100% of our operating expenses through interest income from our loan portfolio. To fund this growth, we launched a $5 million Direct Public Offering, allowing individuals, foundations, and others to invest as little as $1,000 in Good Fund and earn up to 7.5%.
Hitting our growth targets was always going to require geographic expansion beyond our home state of Rhode Island, and we are proud to announce that we are now operating in four states: Rhode Island, Florida, Delaware, and Massachusetts. These states demonstrate an incredible need for equitable financial alternatives, and we're thrilled to serve more families!
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