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Ecotrust Canada’s Coastal Loan Fund


In 2009, the Board of Ecotrust Canada made the decision to begin a structured wind-up of its coastal lending program. As a pioneer in this field, ten years of experience and $12 million dollars worth of loans had more than demonstrated the positive impact of small loans to power community enterprise development. But equally this work had demonstrated the risks associated with operating a small fund in the absence of a supportive national or provincial government policy framework. In the wake of the recession, the Board’s assessment was that it was time to let more established institutions with greater risk tolerance move into this space.

In May 2011, we released the Reflections report (below), authored by a third party consultant, that offers a review of the loan program – highlighting both the successes and the challenges associated with this body of work. Our intention is to have our lessons support the next wave of social finance activity sparked by the recommendations of the Task Force on Social Finance.

Ecotrust Canada’s Coastal Loan Fund: A Bold Institutional Experiment, published in 2013, is the final analysis of the Fund’s strengths, weaknesses, and overall impact.