The Jubilee Fund works in partnership with Assiniboine Credit Union (ACU) to provide loan guarantees for loans administered by the Credit Union. Jubilee Investment certificates (JIC) purchased by Ethical Investors interested in making an impact in their community, are pooled to secure the lending at ACU.
Jubilee Fund projects fall into three categories:
- Affordable Housing Projects
Loan guarantees are provided for renovations to existing housing stock or new housing for low-income Manitobans, students, housing co-ops, and special needs groups.
- Community/Social Projects
Loan guarantees are provided to enable organizations to create employment or purchase a facility to provide a needed service to working families in the community.
- Social Business Projects
Loan guarantees are provided to enable social enterprises, worker co-operatives, and other community-based enterprises to access financing. Financing is then used to start or expand a business and create jobs for low-income Manitobans.
Visit our Social Impact page to see a full portfolio of Jubilee Fund financed organizations.
Email Derek Pachal for loan guarantee inquiries or for additional information.