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Providence, RI

Expanding interest-free energy-efficiency loans to underserved communities.

• Mission: Empowering low- and moderate-income households through financial inclusion and sustainability initiatives, with a focus on energy efficiency.  
• Innovation: Offering interest-free loans for energy-efficient home upgrades, such as heat pumps and HVAC systems, to underserved communities.  
• Social Impact: Bridging the wealth gap by providing financial support for sustainable home improvements, addressing both financial and environmental challenges.  
• Program Growth: Expanding the DoubleGreen Loan program in Rhode Island and Massachusetts, with plans for future growth into states like Georgia.  
• Financial Sustainability: Achieving high repayment rates (over 99%) while scaling the program to drive social change and foster financial stability.  
• Partnerships: Collaborating with utility companies to make energy-efficient home upgrades accessible through utility-funded interest rate buy-downs.  
• Vision: Promoting long-term environmental sustainability and financial inclusion by integrating innovative energy solutions, such as solar lease options.  

The Capital Good Fund is a nonprofit organization dedicated to empowering low- and moderate-income households through financial inclusion and sustainability initiatives. This funding round aims to expand its DoubleGreen Loan program, which provides interest-free financing for energy-efficient home upgrades such as heat pumps, insulation, and HVAC systems. By partnering with utility companies, the program makes these essential improvements accessible to underserved communities, addressing barriers to financial stability and contributing to environmental goals. Funds raised will support program growth in Rhode Island and Massachusetts, with plans for further expansion into states like Georgia.

This offering aligns with Capital Good Fund’s mission to bridge the wealth gap and promote sustainable practices. Proceeds will be allocated to scaling the DoubleGreen program’s reach, increasing loan origination capacity, and exploring innovative energy solutions, such as integrating solar lease options. With a proven track record of high repayment rates and impactful community outcomes, this initiative represents a strategic effort to drive social and environmental change while supporting the organization’s path to financial sustainability.

Company Info

Capital Good Fund is a nonprofit financial institution offering innovative loans and services to promote economic stability and sustainability.

Capital Good Fund is a nonprofit organization and a certified Community Development Financial Institution focused on empowering underserved communities through innovative financial services. With a mission to advance financial stability and environmental sustainability, the organization provides loans and financial coaching to help individuals and families overcome systemic barriers to economic opportunity. Since its founding in 2009, Capital Good Fund has supported clients across multiple states, offering tailored solutions to address issues such as energy efficiency, credit building, and emergency expenses.

Central to its work is the DoubleGreen Loan program, which offers interest-free financing for energy-efficient home upgrades. This initiative is supported by utility-funded interest rate buy-downs, enabling Capital Good Fund to extend affordable credit options to low- and moderate-income households. With an impressive repayment rate exceeding 99%, the program underscores the organization’s commitment to social impact, financial inclusion, and fostering a green economy.