Mile High Community Loan Fund
1905 Sherman Street
Suite 325
Denver, CO 80203
Office: 303-860-1888
Fax: 303-860-1848
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CARS Rated
In 2007 MHCLF volunteered to participate in the Community Development Financial Institution (CDFI) industry's comprehensive third party analysis of CDFI's. Known as CARS, the program produces high quality, efficient and rigorous analysis of Impact Performance and Financial Strength and Performance to guide the investment decisions of subscribers.
MHCLF is one of the youngest and smallest of the 43 CDFIs to be rated. MCHLF elected to participate at this relatively early stage of its development to demonstrate its commitment to transparency and excellence. MHCLF has used its analysis to identify key infrastructure and operations issues to be addressed as the Fund grows. MHCLF has already installed new loan servicing software to upgrade its portfolio management software capacity and position itself well for projected growth.
MHCLF was awarded an 'A3' rating at the conclusion of the 2007 analysis. The rating equates to satisfactory or above scores in all financial management and social impact categories.
MHCLF also participates in Opportunity Finance Network's annual peer survey and uses survey results to assess its efficiency and effectiveness in relation to its peer group. Results are available upon request.