RCEDC staff Sets to Demystify Community Loans

In a 4-part video series, RCEDC staff members Andrea Safedis and Wesley Walsh provide comprehensive explanations regarding Community Loans, also referred to as Revolving Loan Funds (RLFs). Through structured presentations, Safedis and Walsh shed light on the fundamental principles underlying the operation of these financial mechanisms, emphasizing their pivotal role in supporting local economic development initiatives. The series systematically addresses the mechanisms by which RLFs are established, the stakeholders involved, the criteria for loan eligibility, and the process of loan disbursement and repayment. By leveraging their expertise, Safedis and Walsh aim to demystify the intricacies of RLFs, empowering communities to harness these resources effectively to stimulate economic growth and foster sustainable development.