The Canadian Co-operative Investment Fund (CCIF) has approved the first investments from its $25 million fund. CCIF is currently closing nearly $1 million in four loans to co-operatives. In Nelson, BC, the capital will be used to support a business expansion. In Edmonton, AB, and in London, ON, the loans will provide mortgage financing for housing co-operatives. Finally, a loan to the Conseil de la coopération de l'Ontario (CCO) will add support to a micro-lending program for co-operative enterprises.
The four investments represent the diversity of the co-operative sector and are clear examples of how CCIF can assist co-operatives in serving their communities alongside co-operative financial institutions.
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