Quarterly Investment Report

Dear Community Credit Lab Funders and Investors,

This past quarter, I’ve found myself sitting with a lot of hard truths. It’s without question that we’re operating in a moment of profound turmoil and uncertainty. And yet, the truth I keep returning to is this: for far too long, both major political parties have failed working people, especially Black and Indigenous communities. The systems weren’t built for us, so of course they don’t serve us. It’s what makes the work we’re doing through Community Credit Lab not only necessary, but powerful. We’re here to imagine and build something entirely new–not repair something that never worked for us and the communities we support in the first place.

Another illuminating truth I’ve reckoned with this quarter is that this work is as much about changing mindsets as it is about shifting systems. When we deploy funds, we’re thinking about how capital deployed aligns with a future that is community-owned and governed. We’re intentional about rejecting dominant narratives rooted in zero-sum competition and individualism, where wealth is hoarded and power means domination. Instead, we’re modeling a different ethos through the investments we make that support collective infrastructure—like worker-owned cooperatives, community-governed investment funds,  and social enterprises. We’re connecting the dots between the stories we tell and the financial systems we are working to transform. This is because we know the narratives we uplift are just as important as the capital we deploy.

We made critical strides in our second quarter. We completed lending program design and approved investments each to the Moonsoon Fund (in partnership with Roanhorse Consulting LLC) and the Ke’nekt Cooperative in Atlanta, both rooted in supporting community-owned, reparative businesses. We also advanced our partnership with CLLCTIVLY in Baltimore, helping seed a blended capital Futures Fund that will offer 0–3% interest loans with an intentional mix of financing tools like revenue-based and character-based lending. Additionally, we’re also excited about an upcoming partnership with One Fair Wage, a national organization building worker power while advancing support of restaurants, business owners, and critical decision makers to transform policy around service wages, thus advancing pay equity.  These investments are not just financial; they continue to redefine notions of wealth, risk, and what return can mean for communities long excluded from traditional systems. 

We were also honored to be selected for Collective Action for Just Finance’s Transformative 25 Funds list for 2025, and featured on the Soul of Capital Podcast and at ImpactPHL’s Total Impact Summit. These moments of recognition reflect our ongoing effort to not only shift capital, but to change the conversations surrounding it.

Looking ahead, we are in diligence with three more investment partners and continuing to navigate the complexity of legal and operational barriers that our community-rooted partners face. These delays underscore the need for flexibility and patience, and they only deepen our resolve to walk alongside leaders building what hasn’t yet existed.

Even as our work continues to be tested, we know that Community Credit Lab is a much needed conduit in building a new economy. Thank you for your ongoing support, belief, and partnership.

With gratitude,

Jaime Gloshay

Managing Director of Impact Investments

Community Credit Lab