Rātā Foundation makes community loans to organisations which meet our criteria.
We see the provision of community loans as a way to extend our ability to assist projects which benefit the community in the long-term as well as a positive way to recycle funds.
Community loans have been shown to be an effective way of building sustainability for community organisations.
A community loan is not a grant and any loan advanced by Rātā Foundation is expected to be repaid in full, within the terms and conditions agreed at the time of the loan.
Grants are administered with no expectation of repayment.
Loan funding may be used for the following projects:
Loan funding will not be made to retire current debt.
We may consider applications for loan funding from the following:
Normal loan terms are for a maximum period of ten years, repayment of principal and interest will be made by monthly installments.
Community loans may be offered at our discretion on the following terms:
We require the following information in consideration of your loan application:
If you require further information or clarification you may contact our Chief Financial Officer about your loan application and project prior to lodging your application.
There are no set closing dates throughout the year.
Applications can be submitted at any time of the year, Trustees will consider recommendations during their regular board meetings.
If you would like more specific information about the approval process for your community loan, please contact our Chief Financial Officer.
Our aim is to form real and lasting partnerships with those we fund. Behind every grant is a great story. We want to tell yours.
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