In 1987, a small group of central Vermonters began to think about a new approach to housing, community development, and social justice. "It was simple: lending local money locally, using our money in our community," remembers Larry Mires, now VHCB's administrative officer.
Since those early days, the scope of [VCLF's] lending has expanded to include community facilities, other nonprofits, child care programs large and small, and many other local businesses of all shapes and sizes. [VCLF's] business development and financial counseling programs ensure that our borrowers have the tools they need to succeed. The Loan Fund has continued to grow, thanks to [VCLF] investors' vision of a stronger, more inclusive, more just Vermont.