Joe Indvik graduated from Dartmouth College in 2010. As a student and later independent consultant, he led a team to design and implement a $1 million green revolving loan fund at Dartmouth. He now works as a consultant in the Climate Change and Sustainability Division of ICF International in Washington, DC. Despite his day-job in the beltway, he enthusiastically offers free-of-charge consulting and moral support to help folks set up their own green revolving funds.
In the last few years, universities have emerged as a hotbed of investment in clean energy and efficiency (“cleantech”).
An increasingly popular and innovative tactic for making these investments is the green revolving loan fund (GRF). A GRF issues loans to finance cleantech and sustainability projects that can generate monetary savings. The returns from these projects flow back into the fund (“revolve”) and are re-invested in future projects. GRFs are often managed by a committee of community members who review loan applications and oversee fund operations.