Iona Loans

In addition to her contact with donors and projects, Iona regularly meets mission-driven entrepreneurs and organizations looking for working or investment capital. They may qualify for a social-purpose loan. After an initial exploration, a first assessment takes place. If this is positive, the organization receives an application form, followed by a second assessment. If this is also positive, a loan proposal is presented to the loan advisory committee. The board can then approve the loan, after which it is granted. Each year, Iona has at least two touchpoints to stay engaged with the entrepreneur or organization.

Which organizations are a good fit for Iona Loans?

• Mission-driven: caring for a humane society on a healthy planet is the primary motivation
• Business-minded: both feet on the ground to deliver a high-quality service or product to customers or clients
• Biography: the initiative fits into the biography of the founders/directors, as part of an educational path
• Contemporary form: does the initiative fit in today’s world, does it have an appropriate contemporary form?
• Integration into society: what is the broader support (intended), how is it embedded, does social fabric grow?
• Perspective: is there a sustainable outlook and potential for growth towards independent operation?
• Small-scale: loan size ranges between €50,000 and €250,000