These socially-motivated local banks are profit making, but not profit maximizing. They've been at it for decades and it's beginning to catch on.
At GOOD we keep a close eye on the growing trends of social enterprise and its financial sector cousin, impact investing. Let's not forget some of the outstanding work taking place from the older brand of for-profit social business: Community Development Financial Institutions. Before you begrudge these humble banking heroes because of their clunky title, get to know these three impressive lending styles.