To Make Positive Change within Community - The Kent Social Enterprise Loan Fund from KCF10-Feb-2020
The Kent Community Foundation continue their call for applications for their Kent Social Enterprise Loan Fund, designed to bridge the increasing funding
gap for Kent’s new and existing social enterprises, and encouraging the culture of social enterprise and break down the barriers which prevent enterprising
social businesses from accessing finance.
The Kent Social Enterprise Loan Fund (KSELF) is a social lending programme which offers Kent’s charities and social enterprises in Kent and Medway unsecured loans from £10,000 up to £100,000.
The scheme is a blended loan and grant fund (up to 30% of the loan amount) with a flat interest rate of 5% with a split between capital and interest payments remaining fixed throughout the term.
The aim of the Fund is to spread the culture of social enterprise, as well as break down the barriers that prevent social enterprise and businesses from accessing finance. Once finance is repaid, it will be re-loaned and re-invested back in the community.
KCF says the scheme can be seen as a Continuous Rolling Programme, there is no deadline so applications can be received at any time.