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SocialEnterprise A socialenterprise is a business designed to maximize profits and positively impact society and the environment. The profits generated from these enterprises are used to fund social programs or nonprofit causes. Not convinced that a socialenterprise will work for you?
Socialenterprises such as car-sharing programs are changing the nature of urban transportation and providing alternative options to individual car ownership. Through its iconic mobile showers, the San Francisco nonprofit LavaMae has found new ways to serve the homeless in the absence of more radical reforms of affordable housing.
Our experience has been crystal clear—just getting our principal back (and being able to recycle any return into another socialenterprise) is a huge win—one we are absolutely comfortable with. By definition, PRI regulations ensure that there must be an “impact” in investing. Kresge alone provided $3.6
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