Thrive Impact Fund

Overview of the Thrive Impact Fund program:

The Thrive Impact Fund Loans program is a financing initiative designed to support social enterprises, non-profits, and cooperatives in Alberta that are committed to creating positive social, environmental, and economic impacts. Managed by the Thrive Impact Fund, this program provides flexible and accessible loan options to organizations that are working to build stronger, more resilient communities.

Benefits of the Thrive Impact Fund program:

• Flexible Loan Options: Thrive Impact Fund offers a variety of loan products tailored to meet the unique needs of social enterprises, non-profits, and cooperatives. These loans are designed to be flexible, with terms and repayment schedules that can be adjusted to fit the specific circumstances of the borrower.
• Support for Impact-Driven Organizations: The program specifically targets organizations that are dedicated to addressing social, environmental, or economic challenges. Whether you are launching a new initiative, expanding services, or need working capital, the Thrive Impact Fund is there to support your mission.
• Loan Amounts: Loans typically range from $10,000 to $100,000, providing crucial capital to help organizations achieve their goals. The fund is open to considering larger amounts depending on the scale and impact of the project.
• Community Focus: The Thrive Impact Fund is committed to supporting projects that generate measurable positive impacts in Alberta communities. This includes initiatives in areas such as affordable housing, sustainable agriculture, renewable energy, community services, and more.

Eligibility criteria of the Thrive Impact Fund program:

• Location: The loans are available to organizations based in British Columbia with a focus on those that serve local communities across the province.
• Type of Organization: Eligible applicants include social enterprises, non-profit organizations, and cooperatives. These organizations must demonstrate a clear commitment to social, environmental, or economic impact.
• Purpose of Loan: The loan must be used for purposes that align with the mission of the Thrive Impact Fund, such as expanding services, launching new programs, purchasing equipment, or other initiatives that contribute to community well-being.
• Financial Viability: Applicants should have a solid business plan or project proposal that outlines the expected outcomes, financial projections, and how the loan will be repaid.