Since 1995, 13,000 people have invested in these notes, which provide a financial return while economically empowering communities.2 According to Calvert Foundation, these  1  Massolution, “2013CF: The Crowdfunding Industry Report”. 2  Calvert Foundation.
BIS central bankers’ speeches  1  13,000 individual investments have collectively helped to create 430,000 jobs for low-income individuals, built or rehabilitated 17,000 affordable homes, and financed close to 26,000 nonprofit facilities and social enterprises.3 Both the Fundrise and Calvert Foundation examples hint at the potential of scaling up crowdfunding for community development.