The MaRS Centre for Impact Investing is proud to announce the 2015 Fall Cohort for the Impact8 Program. Initially launched in 2013, Impact8 helps to close the gap between growth-stage impact based ventures and investors interested in opportunities to fund business with a social benefit. By providing mentorship and targeted workshops, Impact8 increases the pipeline of […]Read More ›
Video: Social Finance Best Practices: Alex Kjorven
On April 8 2011, MaRS hosted nine practitioners of social finance from across the spectrum to speak about the best (and worst) practices in social finance. Hear personal stories and interesting examples from Canada’s emerging social finance marketplace. With five minutes each and drawing on their experience and research, these regular contributors to SocialFinance.ca highlighted successful and/or poor social finance practices. A question-and-answer period rounded out the session.
Alex Kjorven was the Development Manager at the ACCESS Community Capital Fund at the time of this event and spoke about practices to avoid when practicing microfinance in Canada. How do you ensure that your staff are properly trained to deal with clients? How do you properly evaluate potential loan recipients? “If we try too hard to make it perfect, we’ll actually end up screening out the very people we are trying to help.”
ACCESS Community Capital Fund helps individuals without collateral or credit history obtain an affordable loan to improve their standard of living through entrepreneurship. Based in Toronto, Ontario, ACCESS is a Canadian registered charity granting micro-loans where the abilities, skills and commitment of the applicant in conjunction with the strength of the business plan are key decision criteria.
We invite you to share your thoughts about this video below. What is your key takeaway from Alex’s message,and how does it inform your work?