Scottish Communities Finance to launch social-enterprise loan fund

Community bonds can support local job creation, community regeneration and improve local services. Edinburgh-based Scottish Communities Finance wants average investors to participate.

The organization is partnering with Scotland’s Social Enterprise Networks to develop a fund to issue community bonds that individuals can buy for as little as £50 ($67). Proceeds will finance loans for local enterprises.

“We believe that encouraging ordinary people to reinvest back into their communities… can help make communities more sustainable,” says Scottish Communities’ Pauline Hinchion.

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