About
Capital Good Fund is a nonprofit, U.S. Treasury-certified Community Development Financial Institution (CDFI) headquartered in Providence, Rhode Island. Its mission is to create pathways out of poverty and advance a green economy through inclusive financial services. The organization began as an idea in a social entrepreneurship class at Brown University in the fall of 2008 and has grown into one of the fastest-growing microfinance institutions in the United States, providing equitable small loans and financial coaching to families that mainstream lenders often overlook.
Mission
To create pathways out of poverty and advance a green economy through inclusive financial services. Capital Good Fund emphasizes the rights and dignity of all people, equal access to opportunity, and uplifting marginalized communities through a social justice lens.
What they do
- DoubleGreen loans (Rhode Island) and HomeGreen loans that finance clean-energy and home improvements
- Immigration loans that help families cover citizenship and immigration-related costs
- Financial Coaching PLUS and Credit Builder programs that pair one-on-one coaching with credit-building tools
- Services offered in English and Spanish, with online loan applications and account management
Scale and impact
Capital Good Fund serves clients across 11 states: Rhode Island, Florida, Massachusetts, Delaware, Illinois, Texas, Colorado, Connecticut, New Jersey, Georgia, and Pennsylvania. According to its website, the organization has financed 18,000 loans totaling over $67 million for American families, and 2,000 coaching clients have completed its Financial + Health Coaching program.
Financials
According to ProPublica Nonprofit Explorer (IRS Form 990, fiscal year 2024), The Capital Good Fund reported total revenue of $9,591,116, total expenses of $8,254,935, and total assets of $32,638,172. Revenue came primarily from contributions (about 67 percent) and program services (about 33 percent). The organization holds a Candid Seal (2026).
Governance
Capital Good Fund is led by founder and CEO Andrew Posner. The IRS granted the organization 501(c)(3) tax-exempt status in November 2009 (EIN 80-0348382), and it is classified under community improvement and neighborhood development.