Mission Driven Finance?

We can't wait to share incredible milestones across multiple strategies with our subscribers. ? Sign up to be the first to get stories about small businesses, nonprofits, and investors using finance as a tool for change. ?? https://eepurl.com/deNFUL ?? ????'?? ???????? ???? ?????????????????? ?????? ?????? ?????? ?????????????????????? ???? ?????? ????????. #impactinvesting #socialimpactstories #socialimpact #financestories #financeforgood #businessforgood #certifiedBcorp #socialimpactfinance #socialfinance #communityfinance

At Mission Driven Finance?, we like to think about many layers of impact: not just who is getting access to capital and how much, but how are we doing that in relationship with the community? To formally incorporate community voice in our lending, we piloted an advisory committee in 2022 for the Advance Strategy—our original, artisanal, housemade fund supporting small businesses and nonprofits. We love this model for breaking down possible echo chambers and, as a result, implementing advisory committees for many other funds. As we expand the Advance approach from San Diego statewide into Advance California, we are also intentional in reflecting the state’s diversity—of geography, industry, and demography—on the Advance Advisory Committee (AAC). We are thrilled to announce these members spanning across California: ? Vanessa Escalante Cadena, Pacific Premier Bank in La Costa/Carlsbad ? Amanda Cheyney, CMTC ? Iman Cotton, MBA - Fin, MAFM, Momentus Capital ? Lisa Garcia, Lisa Garcia International ? Juan Carlos Hernandez, California Southern SBDC ? Christie Marcella, Connect ? Rosibel Ochoa, PhD, University of California, Riverside ? William Ponder, Burnham Center for Community Advancement ? Wesley Quach, Alliance Small Business Development Center, Asian Business Association San Diego ? Martha Silva, CommerceWest Bank ? Lauren M Taylor, REDF ? Jonathan Yackley, Rise Up Industries We thank outgoing members Alex Galicia, Natasha Salgado, Colin Santulli, Shreya Sasaki, and Alexis Villanueva, MS for their service. And huge thanks to ??Oralia Alvarez for stewarding the AAC! The committee members are dedicating their time and expertise to making sure that California small businesses and nonprofits have access to education, health, and wealth via inclusive lending practices. Although the AAC does not have the authority to make investment decisions on behalf of Mission Driven Finance?, they support us in identifying partnerships and businesses, as well as guiding us on how to properly approach the small business and nonprofit communities across the state. As a social enterprise and Certified B Corporation, we are excited to see the innovation and change this committee will ensure we create. We are doubling down on our mission to make it easier to invest in the community with this added structure of transparency and accountability with the help of these community champions. Learn more about getting financing from Advance California. If you know any small businesses or nonprofits looking for capital to help them scale and grow, refer them to us! #smallbusiness #smallbizloans #impactinvesting #socialfinance #communityfinance #inclusiveeconomy

Welcome Blip Energy to the Los Angeles Cleantech Incubator (LACI) Cleantech Debt Fund portfolio! ???????? ???????? ???? ?????? ?????? ?????? ???????? ?????????????????? ???????? ???????? ???????????????? ?? Blip Energy’s plug-and-play?smart battery?is designed to address a few energy issues: manage peak electricity demand, lower costs for users, and cut operating expenses for utilities. Built using human-centered design principles, the battery aims to meet the energy demand of multi-unit residential, rental, hotel, and commercial buildings, which are often hard to retrofit. By controlling the high-power use of devices like portable air conditioners and space heaters, Blip offers a new way to help stabilize the grid while also allowing customers to save money on bills and providing backup power to users. “We set out to build a seamless product for end users without disrupting their daily routine,” says?Chance Cobb, co-founder and COO of Blip Energy. “This new category of battery energy storage system (BESS) makes an immediate impact, without the typical barriers around cost, permitting, and professional installation.” Blip is co-founded by CEO?Sophia Wennstedt. Receiving a grant from the U.S. Department of Energy (DOE) in 2024, Blip aims to support the DOE’s goals to reduce the cost of BESS integration, improve the coordination between distributed energy resources and the electrical grid, and help meet building decarbonization targets. Managed by Mission Driven Finance?, the?LACI Cleantech Debt Fund?invests in companies working on solving challenges related to climate change. Blip came to the fund through the?LACI’s Incubation Cohort 7. Capital from the LACI Cleantech Debt Fund allows Blip to refinance a higher-interest loan originally used to bridge the company’s operations for the DOE grant. #impactinvesting #cleantech #climatesolutions #evbattery #batterystorage #smallbusiness #smallbizloans

Last week, our remote team connected in person at Lakehouse Resort in San Marcos, CA, where we had space to strategize, roam, and PLAY. We visited fellow Certified B Corp Dr. Bronner's, whose Cosmic Principles inspire us to dream big. ?? We also: ?? presented and voted on non-obvious ideas inspired by Ben duPont's dinners ?? practiced mindfulness and set intentions for our time together ?? dove deep into some heady topics in juicy department breakouts ?? visited San Diego properties acquired by Care Access Real Estate? ?? shared updates on something exciting we have brewing for our company (more to come!) ?? showed off varying levels of skill in bowling and making guacamole ?? enjoyed golf, pickleball, yoga, paddleboard, swimming, and naps in our downtime Until next time! ?? #teamretreat #remotework #teamculture #workhardplayhard #impactinvesting #IRL #CertifiedBCorp #BCorp B Lab U.S. & Canada

Thank you Ashley Fahey and The Business Journals for spotlighting child care real estate challenges. Care Access Real Estate? (CARE) and ecosystem partners were spotlighted: “Leveraging public programs around child care has…been crucial to the REIT's success, [Mission Driven Finance? Co-founder and Chief Community Officer Lauren Grattan] said. CARE has purchased several properties in Clark County, Nevada, including fairly substantial fixer-uppers, because the state has an initiative that leveraged federal Covid-era child-care stabilization funding dollars…via Nevada's Division of Welfare and Supportive Services and nonprofit partner The Children's Cabinet, which subcontracted CARE. Government programs like that widen the aperture for the kinds of properties the REIT can consider buying, upfitting and leasing to a child-care provider, Grattan said.” See the link in the comments for the full story. #childcarerealestate #REIT #realestateinvestmenttrust?

Thank you ImpactAlpha and Jessica Pothering for spotlighting our new offering, Mission Driven Finance Capital Partners Fund I ("MDF Capital Partners"), to support underrepresented fund managers. “We repeatedly hear from emerging fund managers how their raise timelines have stretched out as investor diligence and deployment cycles remain very slow,” said our VP of Capital Initiatives Stephen Nunes. “The two-year process it can take to get a fund capitalized makes it extremely difficult for managers without personal networks of wealth to build a fund while keeping the lights on.” Because of these challenges, the fund focuses on supporting underrepresented impact fund managers and project sponsors by offering critical financing tools to help fund managers demonstrate their theses to prospective investors, move faster, and attract more capital. MDF Capital Partners held its first close in June 2024, with support from leading impact investors, including?World Education Services (WES) Mariam Assefa Fund,?Tara Health Foundation, Trimtab Impact, and?Chordata Capital?totaling $4.4 million. Mission Driven Finance continues to raise capital through the end of the year, aiming for a $10 million demonstration vehicle. “We are excited to be an early investor in this new fund and deepen our partnership with Mission Driven Finance, one of WES’ inaugural grantee partners,” said Smitha Das, director of mission and impact investing at WES. “Through our impact investments, WES seeks to address capital access gaps in the market for under-resourced and overlooked communities, often acting as first movers to mobilize others.” The fund has executed several deals, including?iimpact, founded and led by Ada Arevalo, a first-time fund manager focused on providing equity financing for women real estate developers of color in affordable housing. Arevalo needed working capital to support operations ahead of the fund launch. MDF Capital Partners provided a bridge commitment loan, allowing Arevalo to meet critical deadlines. She shared, “As a seasoned executive in capital markets and fund management, I understood the challenges of raising working capital in the toughest fundraising environment since 2008. Mission Driven Finance’s proactive, solution-driven approach and unwavering support underscored their significance as a vital partner in the impact space.” #impactinvesting #fundmanagers #newfund

Yesterday, our Chief Investment Officer Louie Nguyen, CFA visited with Bronwen Sterling, the CEO of Oakland-based portfolio company Just Fare, a catering company?dedicated to creating a positive impact for its workforce, the planet, and the community. The team was super welcoming, and of course, offered to feed Louie. Thank you for your hospitality! ??

Help us welcome back San Diego Biomedical Research Institute (San Diego BioMed), which returned for an investment from Mission Driven Finance?’s statewide strategy Advance California. ???????? ???????? ???? ?? San Diego Biomedical Research Institute (San Diego BioMed) and its president Joanna Davies, Ph.D., are dedicated to supporting biomedical research that focuses on predicting and preventing diseases such as cancer, diabetes, and HIV. The nonprofit attracts scientific talent from around the world, creating high-skill, high-wage jobs in the San Diego area and providing investigators with access to space for both targeted research and collaboration with peers. With 24 full-time staff members, San Diego BioMed generates revenue primarily through research grants from organizations like the National Institute of Health (NIH) and foundations including the American Diabetes Association. ?????? ???? ???????????????? ?? San Diego BioMed’s strategic plan includes enhancing its financial sustainability by increasing scale and targeting philanthropic support. In July, San Diego BioMed returned for a second investment, seeking working capital to fund cash flow for seven new NIH grants. #impactinvesting #impinv #smallbusinesslending #smallbizloans

Care Access Real Estate? (CARE) was represented by Sr. Director of CARE Operations Sarah Toce at The Hunt Institute's Early Childhood Leadership Summit. #ECLS24 See Sarah's thoughts on what city executives and elected officials can do for child care ??

Meet Rhayvin, a child care provider who moved into her home acquired and renovated by Care Access Real Estate? (CARE) earlier this year! ?????????? ?????? ???????????????? ?? CARE's 11th property is a single-story home centrally located in Las Vegas, near a large public park, golf club, elementary school, and middle school. This property boasts a large outdoor area and an extra large driveway. The spacious primary child care area features a clear line of sight from the entryway to the backyard sliding door. Initially equipped with two bathrooms, CARE added another half bath adjacent to the primary child care area. ?????????? ?????? ???????????????? ?????? Rhayvin and her family moved to Las Vegas from Chicago when she was 13 years old. As the eldest in her family with six siblings, she has been caring for children for over half her life. By age 16, Rhayvin wanted to start her own babysitting business, though her mom tried to warn her that once she started working, she would be working nonstop the rest of her days. Undeterred, Rhavyin printed some flyers at school to show her mom she was serious. “I love seeing children make discoveries on their own, not what you are trying to teach them,” says Rhayvin. “When they realize something [on their own], they are so proud of what they learned. Nothing warms my heart more than day-to-day with children.” Rhayvin earned her degree in biology and human nutrition. After some time as a doula and nanny, however, Rhayvin kept coming back to her purpose of caring for multiple children. That’s when she connected with Wonderschool, which connected her with CARE Nevada. “There’s nothing like doing what you are made to do, not what you learned to do,” says Rhayvin. “I got my culinary certification so I can teach children how to be hands-on with the food—the preparation, the growing of it. We have a garden in the backyard, so we show them from seed to table like, ‘You did this with your hands. You’re very capable.’ Yes, we gotta teach ABCs, we gotta teach them to write. But we also gotta teach them to get their hands in that dirt and see that tiny seed sprout. ‘And now we’re eating your salad.’ Their experience will teach others.” Once Rhayvin receives her large family child care license, she will be able to care for up to 12 children with the help of an assistant. Multiple families have already approached her wanting to place their children on her waitlist. “It’s been the joy of our lives to be in this space and continue in a great way, because when I first started this journey, I thought I was going to care for six children, and I was so grateful for just that,” says Rhayvin. “Up to 12? Blew my mind. I’m so grateful to be where I am today.” #childcareproviders #childcarerealestate #childcareREIT #RealEstateInvestmentTrust #socialpurposerealestate #socialfinance #impactinvesting