The Direct Public Offering (DPO) closed in February this year with $354,000 from 88 investors. Originally the offering gave EDFC two years (two grant cycles) to apply for funds to help buy down EDFC’s traditional lending rate (9.5%) to 5% and set aside a very large loan-loss reserve. EDFC’s board of directors felt that momentum would[…]
An innovative new way to move your money into Mendocino and invest in social entrepreneurs for a sustainable future.
The great internet debate continues.
NPR Planet Money looks at how financial services and investment has transformed an industry post prohibition.