The REED Fund makes loans to both for-profit and nonprofit entities. Consideration is given to the extent to which the proposed project provides opportunities to rural residents and/or communities through job creation/retention, capital investment, wealth-creation, and/or community improvement. Projects that add value to locally produced raw materials and projects that improve the quality of life in rural areas are considered a high priority.
REED's lending programs include:
- Community Development: Loans for projects that enhance community services and quality of life that is necessary for sustainable development, including healthcare, infrastructure, fire protection, education, arts and recreation programs. These loans are generally made to non-profit or public entities at very low interest.
- Business and Industry: Loans are available to support business start-ups, development, expansion and attraction, as well as for projects that stimulate self-employment, and lead to job creation and/or retention. Loans benefit the retail, service, tourism, manufacturing and technology sectors.
- Value-Added Agriculture: Loans in this market recognize the value-added impact of agriculture as a regional economic engine through expanded services, improved marketing, or further processing. Loans are not made for traditional production agriculture.
The Calvert Foundation investment provides essential lending capital to the REED Fund.