Boann Social Impact Contributes $617K to Catalytic Capital Lab's Loan Guarantee Pool
TORONTO — Boann Social Impact is proud to contribute $617,000 to support developing a pan-Canadian loan guarantee pool, designed to diversify risk, attract investment, and strengthen the resilience of Canada's social finance market.
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Funded through the Government of Canada's Social Finance Fund, Boann's contribution reflects a strategic focus on blended finance tools that lower risk, unlock private capital, and build a stronger social finance ecosystem. 'This is more than a financial commitment – it's an investment in building a diverse, inclusive economy where everyone in Canada can participate and prosper,' says Brian Smith, Managing Director of Engagement and Market Development at Boann. 'Loan guarantees remain an underused but powerful tool to help capital reach people and places often overlooked by traditional finance. We see strong potential for growth and impact.'
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The Catalytic Capital Lab helps social finance intermediaries (SFIs) in launching and scaling their operations, unlocking more capital, and driving deeper community impact. Over the next two years, Boann's investment is supporting the project team to design, develop, and implement a durable $50 million loan guarantee pool that will back 30-40 community loan providers across Canada. This contribution also funds robust financial modelling, rigorous oversight, risk mitigation strategies, legal structuring, and investor engagement – all key to ensuring long-term sustainability and impact.
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'This kind of catalytic support helps de-risk new models and ultimately allows more capital to flow to the communities that need it most,' says Kristi Rivait, Board Chair at Thrive Impact Fund. 'It's exciting to see Boann leaning in to grow the tools and infrastructure that are essential for a more inclusive and resilient social finance market.'
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Boann joins partners including 10C Shared Space's Harvest Impact Fund, Definity Insurance Foundation, Ontario Trillium Foundation, Scale Institute and Thrive Impact Fund, in advancing access to capital for community organizations across Canada. 'Collaborative approaches like the loan guarantee pool are critical to unlocking capital that meets the needs of local communities,' adds Julia Grady, Principal of Harvest Impact Fund. 'With partners like Boann at the table, we can help community loan providers build their local economy across the country.'
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