{"id":393,"date":"2019-07-05T12:57:45","date_gmt":"2019-07-05T12:57:45","guid":{"rendered":"http:\/\/tapestrycapital.ca\/?p=393"},"modified":"2019-07-05T14:00:05","modified_gmt":"2019-07-05T14:00:05","slug":"investment-continuum","status":"publish","type":"post","link":"https:\/\/tapestrycapital.ca\/fr\/investment-continuum\/","title":{"rendered":"O\u00f9 se situent les obligations communautaires dans le continuum d'investissement ?"},"content":{"rendered":"<div id=\"fws_6aad700c80def\"  data-column-margin=\"default\" data-midnight=\"dark\"  class=\"wpb_row vc_row-fluid vc_row\"  style=\"padding-top: 0px; padding-bottom: 0px; \"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\"><div class=\"inner-wrap\"><div class=\"row-bg\"  style=\"\"><\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\">\n\t<div  class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding\"  data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\" >\n\t\t<div class=\"vc_column-inner\" >\n\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\r\n<div class=\"wpb_text_column wpb_content_element\" >\r\n\t<div class=\"wpb_wrapper\">\r\n\t\t<h3>Que sont les obligations communautaires ?<\/h3>\n<p>Les obligations communautaires sont un outil de financement social innovant \u00e9mis par une organisation \u00e0 but non lucratif, caritative ou coop\u00e9rative pour financer des projets ayant un impact sur la communaut\u00e9. La figure 1. illustre le continuum d'investissement social des instruments financiers utilis\u00e9s par diverses organisations. Le c\u00f4t\u00e9 gauche du continuum est domin\u00e9 par les subventions et les m\u00e9canismes philanthropiques, tandis que l'autre extr\u00e9mit\u00e9 est constitu\u00e9e d'instruments g\u00e9n\u00e9ralement utilis\u00e9s par les soci\u00e9t\u00e9s \u00e0 but lucratif lorsqu'elles recherchent des opportunit\u00e9s de croissance. Ces instruments du c\u00f4t\u00e9 droit du continuum sont g\u00e9n\u00e9ralement soutenus par le commerce du march\u00e9 des valeurs mobili\u00e8res.<\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t<div id=\"fws_6aad700c812f5\"  data-column-margin=\"default\" data-midnight=\"dark\"  class=\"wpb_row vc_row-fluid vc_row\"  style=\"padding-top: 0px; padding-bottom: 0px; \"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\"><div class=\"inner-wrap\"><div class=\"row-bg\"  style=\"\"><\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\">\n\t<div  class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding\"  data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\" >\n\t\t<div class=\"vc_column-inner\" >\n\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-max-width-mobile=\"100%\" data-shadow=\"none\" data-animation=\"none\" >\r\n      <div class=\"inner\">\r\n        <div class=\"hover-wrap\"> \r\n          <div class=\"hover-wrap-inner\">\r\n            <img loading=\"lazy\" decoding=\"async\" class=\"img-with-animation skip-lazy\" data-delay=\"0\" height=\"487\" width=\"974\" data-animation=\"none\" src=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2019\/07\/Continuum.png\" alt=\"\" srcset=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2019\/07\/Continuum.png 974w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2019\/07\/Continuum-300x150.png 300w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2019\/07\/Continuum-768x384.png 768w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2019\/07\/Continuum-670x335.png 670w\" sizes=\"auto, (min-width: 1450px) 75vw, (min-width: 1000px) 85vw, 100vw\" \/>\r\n          <\/div>\r\n        <\/div>\r\n      <\/div>\r\n    <\/div>\r\n<div class=\"wpb_text_column wpb_content_element\" >\r\n\t<div class=\"wpb_wrapper\">\r\n\t\t<p><em><strong>Figure 1<\/strong>: Continuum d'investissement<\/em><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t<div id=\"fws_6aad700c81b50\"  data-column-margin=\"default\" data-midnight=\"dark\"  class=\"wpb_row vc_row-fluid vc_row\"  style=\"padding-top: 0px; padding-bottom: 0px; \"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\"><div class=\"inner-wrap\"><div class=\"row-bg\"  style=\"\"><\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\">\n\t<div  class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding\"  data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\" >\n\t\t<div class=\"vc_column-inner\" >\n\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\r\n<div class=\"wpb_text_column wpb_content_element\" >\r\n\t<div class=\"wpb_wrapper\">\r\n\t\t<h3><strong>Le continuum d'investissement d\u00e9fini :<\/strong><\/h3>\n<ul>\n<li><strong>Dons<\/strong>: capital donn\u00e9 par toute personne \u00e0 des fins charitables et au profit d'une cause.<\/li>\n<li><strong>Subventions<\/strong>: fonds accord\u00e9s par un organisme subventionnaire sp\u00e9cifique, notamment le gouvernement, des soci\u00e9t\u00e9s, des fondations, des \u00e9tablissements d'enseignement, des entreprises ou un particulier. Pour recevoir une subvention, il faut faire une demande.<\/li>\n<li><strong>Pr\u00eats pardonnables<\/strong>: forme de pr\u00eat dont la totalit\u00e9, ou une partie, peut \u00eatre remise ou report\u00e9e pendant un certain temps par le pr\u00eateur lorsque certaines conditions sont remplies.<\/li>\n<li><strong>Investissements dans les entreprises sociales<\/strong>Les fonds d'investissement auxquels les entreprises sociales peuvent acc\u00e9der.<\/li>\n<li><strong>Fonds de pr\u00eats communautaires : <\/strong>un fonds qui accorde des pr\u00eats \u00e0 la communaut\u00e9, g\u00e9n\u00e9ralement dans le but de financer un projet communautaire.<\/li>\n<li><strong>Obligations \u00e0 impact social : <\/strong>un outil bas\u00e9 sur le principe de la r\u00e9mun\u00e9ration des performances, dans lequel le gouvernement accepte de rembourser les investisseurs pour l'am\u00e9lioration des r\u00e9sultats sociaux du projet\/programme.<\/li>\n<li><strong>Obligations communautaires : <\/strong>un pr\u00eat portant int\u00e9r\u00eat, avec une valeur nominale, une dur\u00e9e fixe et un taux d'int\u00e9r\u00eat d\u00e9termin\u00e9. Les obligations communautaires g\u00e9n\u00e8rent toujours un rendement social ou environnemental, en plus d'un rendement financier \u00e9quitable.<\/li>\n<li><strong>Dette<\/strong>: argent qui est d\u00fb \u00e0 une autre institution ou \u00e0 un autre individu.<\/li>\n<li><strong>Obligations d'entreprise : <\/strong>Outil d'\u00e9mission de titres de cr\u00e9ance \u00e9mis par une soci\u00e9t\u00e9 et vendu \u00e0 des investisseurs afin de lever des capitaux pour diverses raisons. En contrepartie, les investisseurs re\u00e7oivent un remboursement en termes de capital financier.<\/li>\n<li><strong>L'\u00e9quit\u00e9 : <\/strong>Le financement par actions est le processus de collecte de capitaux par la vente d'actions. En vendant des actions, l'entreprise vend la propri\u00e9t\u00e9 de sa soci\u00e9t\u00e9 en \u00e9change d'argent.<\/li>\n<li><strong>Capital-risque : <\/strong>capital qui prend g\u00e9n\u00e9ralement la forme d'une somme d'argent, mais qui peut aussi \u00eatre une expertise technique ou de gestion. Les investisseurs fournissent aux entreprises en phase de d\u00e9marrage et aux petites entreprises dont on pense qu'elles ont une croissance \u00e0 long terme. Ce type de financement provient g\u00e9n\u00e9ralement d'investisseurs accr\u00e9dit\u00e9s et fortun\u00e9s, de banques d'investissement et d'autres institutions financi\u00e8res.<\/li>\n<\/ul>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t<div id=\"fws_6aad700c81dc3\"  data-column-margin=\"default\" data-midnight=\"dark\"  class=\"wpb_row vc_row-fluid vc_row\"  style=\"padding-top: 0px; padding-bottom: 0px; \"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\"><div class=\"inner-wrap\"><div class=\"row-bg\"  style=\"\"><\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\">\n\t<div  class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding\"  data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\" >\n\t\t<div class=\"vc_column-inner\" >\n\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\r\n<div class=\"wpb_text_column wpb_content_element\" >\r\n\t<div class=\"wpb_wrapper\">\r\n\t\t<h3 style=\"text-align: left;\"><strong>Avantages des obligations communautaires<\/strong><\/h3>\n<p>Les obligations communautaires se situent pr\u00e8s du centre du continuum. Elles s'alignent plus \u00e9troitement sur les outils g\u00e9n\u00e9ralement utilis\u00e9s par les organisations \u00e0 but lucratif, mais restent tr\u00e8s ancr\u00e9es dans l'engagement et le soutien communautaires. Ces derni\u00e8res ann\u00e9es, les obligations communautaires sont apparues comme un outil financier innovant utilis\u00e9 par les organismes sans but lucratif, les coop\u00e9ratives et les organisations caritatives pour attirer des capitaux au-del\u00e0 des sources philanthropiques traditionnelles. Cet outil permet aux organisations de recevoir des fonds de citoyens investisseurs pour financer un projet dans leur communaut\u00e9. Chez Tapestry, nous nous assurons que les \u00e9metteurs avec lesquels nous travaillons offrent \u00e0 leurs investisseurs une exp\u00e9rience de classe mondiale en leur fournissant toutes les informations n\u00e9cessaires sur l'obligation avant qu'ils ne prennent une d\u00e9cision d'investissement, au moment o\u00f9 ils ach\u00e8tent une obligation et pendant toute la dur\u00e9e de leur obligation communautaire. \u00c9tant donn\u00e9 qu'une obligation communautaire est un pr\u00eat portant int\u00e9r\u00eat, \u00e0 la fin de la p\u00e9riode de validit\u00e9, les investisseurs obtiennent le remboursement de leur investissement en capital, un rendement financier \u00e9quitable sur ce capital investi et un rendement social tangible sous la forme d'un avantage pour la communaut\u00e9.<\/p>\n<p>Comme il s'agit d'un outil parmi d'autres sur le continuum de la finance sociale, il est important que les organisations \u00e9valuent de pr\u00e8s l'objectif du financement lorsqu'elles d\u00e9terminent quelle combinaison d'outils serait la mieux adapt\u00e9e \u00e0 leurs objectifs et \u00e0 la vision de leur organisation.<\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t<div id=\"fws_6aad700c81f6c\"  data-column-margin=\"default\" data-midnight=\"dark\"  class=\"wpb_row vc_row-fluid vc_row\"  style=\"padding-top: 0px; padding-bottom: 0px; \"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\"><div class=\"inner-wrap\"><div class=\"row-bg\"  style=\"\"><\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\">\n\t<div  class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding\"  data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\" >\n\t\t<div class=\"vc_column-inner\" >\n\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\r\n<div class=\"wpb_text_column wpb_content_element\" >\r\n\t<div class=\"wpb_wrapper\">\r\n\t\t<h3>Les obligations communautaires sont-elles la bonne solution ?<\/h3>\n<p><strong>Voici quelques-unes des questions que les organisations peuvent se poser au moment de faire cette d\u00e9termination :<\/strong><\/p>\n<ol>\n<li>Quel type d'organisation repr\u00e9sentez-vous ?<\/li>\n<li>Quelle est la nature du projet \u00e0 financer (fonctionnement, d\u00e9veloppement des immobilisations, recherche, etc.)<\/li>\n<li>Quel est le montant du financement n\u00e9cessaire au projet ?<\/li>\n<li>Disposez-vous d\u00e9j\u00e0 d'un financement provenant d'autres sources ?<\/li>\n<li>Votre organisation dispose-t-elle d'un mod\u00e8le \u00e9conomique g\u00e9n\u00e9rateur de revenus ?<\/li>\n<li>Dans quel d\u00e9lai le financement est-il requis ?<\/li>\n<\/ol>\n<p>Ces questions ne sont pas d\u00e9finitives ou exhaustives, mais en y r\u00e9pondant, les organisations peuvent avoir une meilleure id\u00e9e de l'outil financier le plus appropri\u00e9 \u00e0 leurs objectifs.<\/p>\n<p><em>Si vous pensez que les obligations communautaires peuvent faire partie des outils qui ont du sens pour votre projet, remplissez le questionnaire ci-dessous et contactez-nous. Nous sommes impatients de vous entendre !<\/em><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-max-width-mobile=\"100%\" data-shadow=\"none\" data-animation=\"fade-in\" >\r\n      <div class=\"inner\">\r\n        <div class=\"hover-wrap\"> \r\n          <div class=\"hover-wrap-inner\">\r\n            <a href=\"https:\/\/designforsocialgood.typeform.com\/to\/UmVl49\" target=\"_self\" class=\"center\">\r\n              <img loading=\"lazy\" decoding=\"async\" class=\"img-with-animation skip-lazy\" data-delay=\"0\" height=\"100\" width=\"300\" data-animation=\"fade-in\" src=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2019\/07\/Qualifier-Survey-Button-1.png\" alt=\"\"  \/>\r\n            <\/a>\r\n          <\/div>\r\n        <\/div>\r\n      <\/div>\r\n      <\/div>\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>","protected":false},"excerpt":{"rendered":"Que sont les obligations communautaires ? Les obligations communautaires sont un outil de financement social innovant \u00e9mis par une organisation \u00e0 but non lucratif, caritative ou coop\u00e9rative pour financer des projets ayant un impact sur la communaut\u00e9. Figure 1....","protected":false},"author":13,"featured_media":401,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[24],"tags":[25,26],"class_list":["post-393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-education","tag-community-bonds","tag-investment-continuum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Where do Community Bonds sit on the Investment Continuum? - Tapestry Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tapestrycapital.ca\/fr\/investment-continuum\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Where do Community Bonds sit on the Investment Continuum? 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