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Craft3: An Unusual Name
A Learned and Shared Practice
The skilled work of many hands over time triples
positive impacts on local economies, the
environment, and opportunity for the excluded.
Loans that improve the lives of
people and the places they love
require art and science to create
durable progress.
Craft3 Is
 A Community Development Financial Institution (CDFI)
 Considered large CDFI in comparison to most others
 Focus on many credit markets, not just one type
 A non-profit and charitable corporation
 Not a bank or credit union and does not take or insure deposits
 17 years old (founded in 1994) with 50 employees
 A regional institution serving a two-state investment area
 A place challenged by rural decline and urban (metropolitan) dominance
 Focused on three bottom lines instead of two…
Economy
Environment
Social
Equity
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Craft3 Loan Products
 Commercial Loans
1.
2.
3.
Businesses: for real estate, start-up and expansion;
Non-Profits (NGO): for affordable housing, community
development projects, health care, childcare, environmental
conservation, and human services initiatives; and
Environmental Organizations: to acquire sensitive lands, restore
habitat, and protect water quality.
 Consumer Loans
1.
2.
Energy Efficiency: To property owners to reduce CO2 emissions
Septic Repair: To property owners to repair or replace failing
systems to treat human waste when no sewer is available
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Craft3 Is Multiple Business Units
But a Single Craft3 Brand
CRAFT3
Non-Profit Corporation
Total Assets: $70 Million
0.1% Owned (Managed)
Twelve Limited
Liability Corporations
Craft3 LLC I-XII
100% Owned Subsidiary
Total Assets: $84 Million
For Profit Corporation
Total Assets: $80 Million
Craft3 Capital
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Craft3 Capital Under Management (000)
1995-2011
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
-
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Craft3 New Loans By Year
(Outputs)
59,358,864
33,164,728
21,114,476
22,394,869
2009
2010
15,880,604
11,601,627
5,515,339
2005
2006
2007
2008
2011
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Craft3 Capital Investors
Faith Based
1%
Individual
Other
4%
7%
Federal
Government
11%
Regulated Banks
40%
Foundations
15%
Non-Bank
Financial
Institutions
22%
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Craft3 Loan Portfolio
Commercial & Consumer
Portfolio by Sector
COMMUNITY DEV:
DAYCARE FACILITY
1%
PROFESSIONAL SERVICES
1%
REAL ESTATE
3%
COMMUNITY DEV: Energy
19%
MANUFACTURING
16%
COMMUNITY DEV: Septic
11%
FORESTRY-WOOD PRODUCTS
3%
OTHER
9%
COMMUNITY DEV: DAYCARE
3%
RETAIL NOT TOURISM-HOSP
8%
FISH-SHELLFISH
4%
AGRICULTURE
4%
TOURISM - HOSPITALITY
5%
SVCS NOT TOURISM-HOSP
6%
COMMUNITY DEV: Other
7%
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Status: Sustainability
Aspiration: A Permanent Institution in the Region
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
41%
59%
2005
32%
68%
2006
21%
26%
22%
21.0%
79%
74%
78%
79.0%
2007
2008
2009
2010
Earned
Granted
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Craft3 Asset Quality
Scale enables prudent risk taking for mission
14.00%
12.00%
Historical Loan Loss as a % of Loans Outstanding
$350,000
10.00%
8.00%
6.00%
4.00%
$1,000,000
2.00%
0.00%
-2.00%
20002001200220032004200520062007200820092010 Q1 Q2 Q3
2011 2011 2011
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Craft3 Measures What Matters Mission
Outcomes from Loan Outputs
ECONOMY
ENVIRONMENT
EQUITY
Number of Jobs Created
and/or Retained
Linear Feet of Functioning
Riparian Zone
People of Color and
Women Entrepreneurs
Assisted
Leveraged Third Party
Investment
Acres of Land in Sustainable
Management
Number of Low Income
Families Assisted
Added Value of Products
Locally Manufactured
Gallons of Water Diverted
from Waste Stream
Local Tenures
Supported
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Community Action Team
Vernonia Flood Rehabilitation
St. Helens, Oregon
• $400,000 loan
• 48 low income families were
assisted
• 7 jobs were created or
retained
• $6.4 million in investments
were leveraged
• Meyer Memorial Trust Partial
Loan Guarantee
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ORCCA Child & Family Resource Center
Coos Bay, Oregon
• $6 million investment (two loans)
• 4,628 low income families assisted in Coos, Curry and Western Douglas Counties
• 82 jobs created or retained
• $7.5 million in investments were leveraged
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Coastal CAP Agency Wind Farm
Grayland, Washington
• $8 million investment, two loans
• 10,000 low income families assisted in Grays Harbor and Pacific Counties
• 30 jobs created or retained
• $7 million in investments were leveraged
• Secondary added value
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Learn more about Craft3
John Berdes
[email protected]
503-791-5197 (mobile)
Website
www.craft3.org
Social Media
Facebook.com/craft3org | Twitter.com/craft3org
Telephone
General Assistance: 011-360-642-4265 Extension 152 (office)
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