
Community
Development Finance Institutions, or CDFI's, are organisations
that provide loans to enterprises that have been unable to secure
sufficient funds from mainstream sources. They do not compete
with other lenders but instead seek to fill the gap in the finance
market that inhibits enterprise development.
Although not conventional sources of finance like
banks, building societies or venture capital funds, CDFI's provide
finance to viable enterprises and seek financial returns on
their investments. The funds are then reinvested in other businesses
in need of financial support.
Impetus is the only CDFI operating
in Herefordshire, Worcestershire and Shropshire. Like the piece
of string that sets the gyroscope in motion, we aim to provide
the energy our local economy needs.
To contact us please click
here