In February 2013, the Association for the Advancement of Sustainability in Higher Education (AASHE) released a database of campus sustainability revolving loan funds.. [9]College of Wooster (OH) - The Revolving Environmental Efficiency Fund (REEF) was developed in 2010 and has $5,000.. [3]Sample of Green Revolving Funds[edit]Harvard University (MA) - The Green Loan Fund was created in 2001 and has $12,000,000.
[1] Borrowers tend to be small producers of goods and services: typically, they are artisans, farmers, and women with no credit history or access to other types of loans from financial institutions.. [6]Lane Community College (OR) - Lane's Energy Management Fund was initiated in 2006 and has $122,000 available.. A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects.. Organizations that offer revolving loan fund lending aim to help new project or business owners become financially independent and eventually to become eligible for loans from commercial banks.
Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk.
The fund gets its name from the revolving aspect of loan repayment in which the central fund is replenished as individual projects pay back their loans, creating the opportunity to issue other loans to new projects.. [5]Oberlin College (OH) - The student-run Green EDGE Fund was created in 2007 and has $344,000.. [4]Western Michigan University (MI) - WMU's Quasi GRF was created in 1980 and has $365,000.. [7]Oregon State University (OR) - Oregon State Universities Sustainable Energy Revolving Loan Fund was initiated in 2010 and has $300,3000.. [10]Greening the Bottom Line: the Trend towards Green Revolving Funds on Campus[edit]In February 2011 the Sustainable Endowments Institute published the paper 'Greening the Bottom Line: the Trend toward Green Revolving Funds on Campus.. [2]We would like to show you a description here but the site won’t allow us 1Popularity in academia1.. The funds operate and are managed by the university, with loans issued to university departments or campus groups.. These types of funds target projects that improve campus energy-efficiency, reduce resource use, and implement other projects and programs that fall under the category of sustainability. 5ebbf469cd