Investments
![Boston Ujima Project staff. (From left to right, top to bottom: Maria Elena Letona, Lisa Owens, Chuck Turner, Nia Evans, Aaron Tanaka, Kali Akuno.) 2018, Boston. Photo by Lolita Parker, Jr.](https://ambitio-us.org/wp-content/uploads/2019/09/Courtesy-of-Boston-Ujima-Project.-From-left-to-right-top-to-bottom_-Maria-Elena-Letona-Lisa-Owens-Chuck-Turner-Nia-Evans-Aaron-Tanaka-Kali-Akuno.-2018-Boston.-Photo-by-Lolita-Parker-Jr..jpg)
Boston Ujima Project
The Boston Ujima Project, a project of the Center for Economic Democracy, is building a democratically governed investment fund controlled by and investing within specific neighborhoods of color of Boston, Massachusetts–Roxbury, Dorchester, and Mattapan–which have been underserved historically. AmbitioUS is investing in Ujima’s Fund, purchasing a 7-year note which provides a return of 1.5% simple interest paid annually, and providing a grant for their loan loss reserve that acts as first-loss protection for community-member investors.
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