FORT PIERCE — The non-profit Solar and Energy Loan Fund is pleased to announce that the organization has been approved as a new member of the Opportunity Finance Network (OFN.)
OFN is the national network of Community Development Financial Institutions (CDFIs;) private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream.
OFN members are performance-oriented, responsible investors who finance community businesses, sparking job growth in the areas that need it most, and delivering both sound financial returns and real changes for people and communities.
OFN members originated more than $30 billion in financing in urban, rural, and native communities through 2011, with cumulative net charge-off rates of less than 1.7%.
OFN members have demonstrated their ability to lend prudently and productively in unconventional markets often overlooked by conventional financial institutions.
The Solar and Energy Loan Fund was certified as a CDFI by the U.S. Department of the Treasury in December 2012. The CDFI program was created for the purpose of promoting economic revitalization and community development in underserved markets.
“We are proud to join 200 other CDFIs in America as part of OFN. Membership provides valuable recognition of our innovative clean energy model and helps advance our mission and long-term sustainability,” said Duanne Andrade, SELF’s Chief Financial Officer.
For more information about SELF, please call our headquarters at (772) 468-1818, visit www.CleanEnergyLoanProgram.org or www.Facebook.com/SolarEnergyLoanFund.
For more information about OFN, please visit www.OpportunityFinance.net/about/.
