RSF Social Finance, the social enterprise investment fund, just launched its Food and Agriculture Program-Related Investing (PRI) Fund. It will increase funding to social enterprises in local sustainable food and agriculture using patient capital.
For foundations that want to invest in this sector but do not have the capacity to do so, RSF Social Finance will vet and monitor loans and get back a 5% return over 5 years with an investment of $100,000. The organizations that receive money from RSF Social Finance will address economic development, healthy ecological systems, fair labor practices, and/or increase access to healthy food in areas without it. RSF’s loans will address a wide range of food issues including: production, access, processing, distribution, retail, and waste management. There are already many prospective borrowers. Come to SOCAP10 to see RSF Social Finance.
For the full press release, click on the picture or here.
Photo Credit: drakemor via stock.xchng