Momentum Grows for Capital Good Fund as it Hits $36M and 13,000 Loans Financed

Nonprofit CDFI Lender expands executive leadership team and enhances fundraising to serve its mission of using financial services to reduce poverty and environmental injustice

PROVIDENCE (September 10, 2023) – Capital Good Fund has financed 13,000 loans worth more than $36M less than fifteen years after it was founded. The nonprofit CDFI lender is dedicated to creating pathways out of poverty, addressing predatory lending, expanding access to green energy, and supporting immigrants on their path to citizenship. It serves low- and moderate-income families in Rhode Island, Texas, Georgia, Illinois, Florida, Delaware, Massachusetts, Colorado, New Jersey, and Connecticut.

As its mission and momentum continue to grow, Capital Good Fund recently added two important members to its executive leadership team, a Chief Operating Officer and a Vice President of Investor Relations. “Capital Good Fund is proud to welcome two professionals with such great experience and commitment to improving the world,” said Capital Good Fund Founder and CEO Andy Posner. “Their work will scale the impact of our mission to enable people to reach their economic goals and expand their environmental options.”

Chief Operating Officer Karim Belle brings extensive experience in consumer finance and program management and a passion for serving communities in need to his work with Capital Good Fund. He oversees leaders in several departments, executes key organizational initiatives, and establishes relationships with stakeholders and decision-makers. Prior to joining Capital Good Fund, he served as Director of Consumer Lending at Orlando Credit Union. He also worked at Wells Fargo and was a Project Manager and Budget Analyst at the Department of Defense. He earned his MBA and bachelor’s degree in education from Southeastern University.

Vice President of Investor Relations Maggie Sandoval is an essential member of the Capital Good Fund leadership team, working directly with investors seeking to earn a return on investments while also supporting positive social and environmental impact. Sandoval has impressive experience in both the nonprofit and financial sectors, including five years at an international historical community development organization addressing solutions for rural communities across Latin America, Europe, and Africa. She has a master’s degree in international finance from Universidad Tecnológica Centroamericana UNITEC and a bachelor’s degree in business administration, international business, and finance from Auburn University.

Earlier this year, Capital Good Fund started a fund called the Green New Deal Fund to help investors be part of the movement to expand access to residential solar systems. Funds raised will directly support the organization’s solar loan program, empowering more people to reduce their carbon footprint and reliance on fossil fuels for energy.