The mission of the Cooperative Fund of New England is to advance community-based, cooperative, and
democratically owned or managed enterprises. Preference is given to those that serve low-income
communities through the provision of prompt financial assistance at reasonable rates, the provision
of an investment opportunity that promotes socially responsible enterprise, or the development of a
regional reservoir of business skills with which to assist and advise the aforementioned groups.
CFNE provides loans up to $500,000 at fair rates for 3-5 years. Funds for program lending
are "social investment loans" provided by individuals, religious groups, cooperatives, and other
organizations, such as the Calvert Foundation. There are currently 48 active borrowers. The CFNE
loan repayment rate exceeds 98%. Generous loan loss provision and the fund's large equity balance
further protect investors. In the 34 years of operation it should be noted that no investor has
ever lost his/her investment money.
CFNE also provides technical assistance in cooperative
development, financial management, and organizational development to current and prospective