New Mexico & Arizona
Contact Rainmakers Investment Collaborative
The Rainmakers Investment Collaborative is a coordinated group of impact investors committed to increasing investment in Native communities in the American Southwest.
The Rainmakers Investment Collaborative (RIC) was launched in the spring of 2017 as a coordinated group of impact investors initiated by Confluence Philanthropy to focus on Native communities, which face significant economic challenges and have limited access to community development finance. RIC was developed to address the lack of investment in tribal communities in the United States, with the awareness that while many impact investors are focused on indigenous populations in geographies across the world, there are few investment mechanisms designed to support Native communities in our own backyard.
RIC selected the Rural Community Assistance Corporation (RCAC)—a regional community development financial institution with a long lending history, excellent track record, and expertise in rural communities—as its intermediary partner. In addition to investing in Native communities, RCAC is partnering with other intermediaries to build the capacity of the sector to invest in these communities as well.
RIC has raised $4.05 million toward its goal of raising $5 million to be invested in Native communities via RCAC. The first loan was made in September 2018 to Major Market, a fresh food and organic produce market in the Zuni Reserve of New Mexico.