4. Here’s How It Works Investors Organizations in our portfolio People left behind by mainstream finance 1. INVEST 5. INVESTORS RECEIVE BACK PRINCIPAL AND INTEREST 2. WE MAKE AFFORDABLE, FLEXIBLE LOANS USING INVESTOR DOLLARS 3. ORGANIZATIONS FINANCE HOMES AND BUSINESSES, EDUCATION, AND MORE FOR THE UNDERSERVED 4. EMPOWERED COMMUNITIES PAY BACK THEIR LOANS
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7. Investment Process Initial Vetting Pre- Clearance Memo Term Sheet Due Diligence Disburse -ment Investment Committee Legal Doc Negotiation Organization is evaluated against Minimum Social and Financial Investment Criteria. Possible investment is analyzed and greatest risks and mitigants described Terms and conditions including financial and social covenants are agreed upon by potential borrower and Calvert Foundation. The term sheet is non-binding. Organization’s financials, management, products and social performance analyzed, political and economic environment described, investment recommendation made in 20pg report Comprehensive loan agreement that includes limits on loan sizes MFIs can extend to clients, reporting requirements on target clients and in some cases social covenants