Envest Microfinance Cooperative is a for-profit, Certified B Corporation that raises capital from accredited U.S. investors and lends it to microfinance institutions (MFIs) in developing economies across the globe.
“These are tumultuous times.” It sounds like a cliché, but one could argue that it’s an apt description of life on planet Earth right now. As the world continues its struggle with mitigating the devastating effects of the novel coronavirus, the world has witnessed, yet again, horrific scenes of police violence and brutality against Black Americans. As socially responsible investors, we are well aware of the economic and racial disparities that exist across the world and, most especially, in the US—one of the wealthiest nations on the planet. Moments like these, however, bring those disparities into stark relief, reminding us that if ever there was a time to invest in shifting the paradigm of wealth inequality and institutionalized racism, the time is now.
American Homeowner Preservation has developed a way to help struggling homeowners by leveraging the power of crowd sourced funding. Since 2008, AHP has helped hundreds of families across the country (and in Puerto Rico) resolve unaffordable mortgage debts and remain in the homes and communities they love.
Like many who have been touched by AHP, Joe Willie Hart had fallen behind on his mortgage due to severe illness. Although he recovered and eventually returned to work, the hefty interest and penalty charges were insurmountable. He started planning for the worst: foreclosure and eviction.