Section 640
p. p. 77
The Organization's mandate includes direct investments, such as loans, tosupport local projects to mitigate climate impacts. Loans receivable are fundedby endowments from FCM and the Province of Nova Scotia. During the year, the Organizati...
AI summary The Organization provides loans to support local climate mitigation projects, funded by endowments from FCM and the Province of Nova Scotia. A $200,000 loan was issued with an interest rate of prime + 4%, repayable in interest-only installments until 2027 and secured by a general security agreement.