JAX Microfinance Fund
Helping level the lending playing field for under-resourced Northeast Florida borrowers
About Us
The JAX Microfinance Fund (JMF) invests in innovative and non-predatory online platforms that will lend to small business owners and individuals in seven counties, emphasizing lending to people who have been locked out of the traditional banking system. Currently, many of those borrowers are unable to or choose not to borrow from traditional lending sources and are, instead, forced to work with predatory lenders. Not only will the JMF identify and invest in platforms to connect borrowers to patient, affordable capital, it will also connect borrowers to local credit unions and CDFIs for credit repair and credit builder programs to support long-term access to affordable capital.
Our Investments
The first investment from the JMF is in Honeycomb Credit, a crowdfunding investment platform for small businesses that is now working in Northeast Florida. These entrepreneurs and small business owners have successfully raised the flexible, affordable capital needed to grow, expanding their reach in our community. Through Honeycomb Credit, we have invested in a number of entrepreneurs across the region:
Press
The Community Foundation commits $250,000 for small business loans
Jacksonville Daily Record (July 7, 2023)
Jacksonville businesses receive tens of thousands from community
The Florida Times-Union (September 23, 2022)
The Community Foundation commits $250,000 for small-business loans
WJCT News (July 7, 2023)