Justine Petersen welcomed Associated Bank as the latest investor into its Emerging Markets Loan Fund. With a $250,000 commitment, Associated Bank’s participation helps ensure the availability of deployable small-business capital for under-resourced businesses located throughout the bank’s footprint, which includes Metro East and Central Illinois.
The Emerging Markets Loan Fund is a special purpose vehicle (SPV) investment opportunity for financial institutions, philanthropic foundations and private wealth that ultimately builds equity for Justine Petersen’s CDFI (community development financial institution) while providing access to safe and affordable capital to small businesses at various stages of development.
The late Justine M. Petersen was a pioneer in implementing community reinvestment in St. Louis. The Justine Petersen organization’s products and services are modeled after the plan she created with local banks and community development organizations.