The Challenge

Appropriate financing remains out of reach for many small businesses and underserved individuals. Without access to responsible financial services, these customers are vulnerable to predatory lenders, may struggle to manage their income and expenses, and miss opportunities to improve their well-being. While fintech innovators are expanding access to appropriate financing with more inclusive and affordable lending models, they often face constraints in accessing the capital and strategic support they need to establish traction. As a result, many remain sub-scale, limiting their reach to underserved borrowers.

CIM's Strategy

Community Investment Management (CIM) seeks to expand access to finance for underserved borrowers by channeling capital to fintech lenders that offer responsible financing. By helping inclusive models scale, CIM demonstrates the commercial viability of historically overlooked segments, and helps unlock broader investment with the goal of transforming the financial services sector. CIM also uses its platform to inform policy and advance a more inclusive and equitable financial ecosystem.

Long-term Intended Outcome

Build a more financially inclusive world where all individuals, especially those who have been historically neglected by financial markets, can improve financial well-being for themselves and their communities by accessing affordable credit, managing cashflow, and growing their income.

Tracking Progress

With AUM of $1.27 billion as of December 2025, CIM has enabled $25 billion in credit for 9 million borrowers in the U.S. and has helped enable $8.6 billion in credit for 11 million borrowers in emerging markets (Mexico, Colombia, Peru, Chile, India, Indonesia, Philippines, and Brazil). In the U.S., CIM estimates that 54% of businesses funded are women-, minority-, or veteran-owned based on reporting from fintechs. In emerging markets, ~86% of businesses funded are women-owned and ~41% of individual borrowers funded are women, based on fintechs reporting gender data.

Short-term KPI

(portfolio data as reported by fintechs)

Credit enabled in the U.S.
$25 billion
Total number of borrowers in the U.S.
9 million
Total number of borrowers in emerging markets
11 million
Emerging markets
Mexico, Colombia, Peru, Chile, India, Indonesia, Philippines, Brazil
Percentage of businesses funded in the U.S. to date that are women, minority, or veteran-owned
54%
Percentage of businesses funded in emerging markets to date that are women
86%
Percentage of financing provided in emerging markets to date to women-owned businesses
32%
Percentage of women among individual borrowers in emerging markets
41%
Sector engagement

Contributing to the responsible lending and impact investment sectors remains an important part of the CIM team's approach to impact. The Responsible Business Lending Coalition, of which CIM is an Executive Committee member, continues to fight for transparent and fair lending practices in the U.S., and has now achieved significant legislative wins in six states, including New York and California. CIM also remains committed to supporting the impact investment community and making the case that impact can be a source of alpha for investors. Managing Partner Jacob Haar serves as chair of the Impact Capital Managers Association Board, which represents over 150 private capital managers, together accounting for over $750 billion deployed to impact investing.

CIM has not directly or indirectly paid compensation to Capricorn Investment Group or other third party to provide endorsements for CIM and CIM has not received any compensation for endorsements from such third parties.