Social Investment Practice
These are the financial covenants we will use for nonprofit CDFIs who recieve financing through Kresge Community Finance. Covenants for for-profit CDFIs or DFAs will be similarily structured. One of the key goals for Kresge Community Finance is to demonstrate a demand for a longer-term standardized loan product. For that reason, loans offered through this initiative will include standardized documentation, terms, covenants and processes.
American Cities, Health