Our Mission. Investment Products for Social Economy Enterprises

Transcription

1 2018 ANNUAL REPORT

2 2 Annual Report of the Chantier de Our Mission Since its inception in 2006, the Chantier de s mission is to foster the expansion and development of collective enterprises by increasing their access to financing and enhancing the capitalization of social economy enterprises. It accomplishes its mission by developing specific funds and innovative patient capital products in partnership with social economy stakeholders, and encouraging the financial participation of both private and public sector partners. Investment Products for Social Economy Enterprises The Chantier de provides loans with a 15-year capital repayment moratorium. This patient capital is designed to support enterprises operations and real estate investments.

3 Annual Report of the Chantier de 3 Contents Message from the Chair 4 Message from the Executive Director 5 Our Products 6 Operations Patient Capital () Loan 6 Real Estate Patient Capital () Loan 7 Fonds d aide à la rénovation de l habitation communautaire 8 Fonds d investissement pour logement étudiant 10 News 11 The Trust in Investment Portfolio Cumulative amount and number of authorized projects 15 Accumulated investments in enterprises by type of loan 16 Scale of active investments 17 Regional distribution of investments 17 Investments in industries 19 Legal forms of enterprises 20 Investment in Phases of Development 20 Projects Funded in Governance and Staff 24 Trustee Council 24 Investment Committee 24 Audit Committee 24 Governance team 25 Chantier Trust Staff 26 Trust Investments Since its Inception 27 Investments of the Fonds d aide à la rénovation de l habitation communautaire 37

4 4 Annual Report of the Chantier de Message from the Chair Sylviane Robini, Photograph sylvianerobini.com The development of social economy enterprises has continued unabated since the founding of the Chantier de l économie sociale in the 1990s. This development has been driven by diverse factors. Among them, local mobilization efforts to develop responses to community challenges and aspirations, and entrepreneurs decisions to invest in enterprises that reflect their values and support the development of a fairer and more cooperative society. Professionals and activists in cities and regions across Québec have committed themselves to these initiatives. The projects they have developed constitute the raison d etre of the Chantier de. Propelled by a mission whose relevance no longer needs to be proven, trustees and staff members work to provide financial products that are adapted to the realities of the social economy. These women and men work diligently to create the conditions that will enable Québec s collective enterprises to play their essential role in the development of Québec s communities and economy. Jacques Charest, who has served as the Trust s Executive Director since its inception in 2006, has been largely responsible for overseeing this work. His skills and those of his small team have contributed to a successful recapitalization effort, the creation of financial tools that meet specific needs, and maintaining the Trust s role as a leader in providing financial tools for the social economy. At the end of a year in which the recapitalization of our main fund was at the top of the agenda, we are proud to present exceptional results. The performance of a financial tool like the Trust can be measured in different ways, but the leverage effect of our investments reveals our many partnerships and our complementarity. In fact, a Chantier Trust investment of $1 gene rates direct investments of $13.6. So, it is with enormous proud that we present the results of a very busy year. Patrick Duguay Chair of the Trustee Council

5 Annual Report of the Chantier de 5 Message from the Executive Director In many ways, 2018 has been an important year for the Chantier de. We had to ensure our recapitalization, diversify our activities, and, of course, continue investing in social economy enterprises across Québec. To start, we can declare mission accomplished regarding our investments in enterprises. As you will read in this report, 2018 was a very good year. Our investments reached $7.2 million, with the addition of 23 enterprises to our portfolio, bringing it up to 235 enterprises with investments totalling $60 million. These investments made it possible to create and maintain 3,500 jobs and make direct investments of $439 million in Québec s economy. This year, we continued to pursue our mission of creating associated funds. Through the implementation of tailormade financial products, these funds meet specific needs. After creating the fund for the renovation of community housing, we are happy to report the launch of a new fund for the creation of student housing. Initiated by the Trust and established with the support of our financial partners, this fund has already authorized its first investment that will result in the creation of 144 units. This second associated fund completes our package of financial products to support collective enterprises. It is a concrete demonstration of our determination to implement innovative financial solutions to meet the needs of collective enterprises. We intend to pursue this goal in the coming years. In 2018, we also laid the groundwork for the Trust s recapitalization. We can now count on the support of the government of Québec and our labour fund partners for the injection of the needed additional funds to support our mission. All of this could not have been accomplished without the contributions and support of all our partners, the daily work of my team and that of the RISQ, and, of course, our governance committees. My sincere thanks go out to all of you. Jacques Charest Executive Director

6 6 Annual Report of the Chantier de Our Products Varying from $50,000 and $1,5 million, the Trust s loans are available in two formats: Operations patient capital () NEEDS AMOUNT OF INVESTMENTS Finance costs related to working capital and equipment purchase, including: purchase of office and computer equipment, machinery and tooling, vehicles marketing new products and Patient capital can also be used to absorb a startup operational deficit inventory leasehold improvements Between $50,000 And $250,000. Up to 35% of project cost CHARACTERISTICS 15-year term with no capital repayment obligation before maturity Without guarantee Fixed interest rate for the duration of the investment Possibility of advance capital repayment with no penalty Investment: $52,500 (Le Chalumo) Investment: $100,000 Investment: $167,635

7 Annual Report of the Chantier de 7 This type of patient capital financing helps to support enterprises operations and bolster real estate investments with a view to deve loping new activities. Real Estate Patient Capital () NEEDS To finance costs directly related to acquisition, construction, and renovation: of a property, building, warehouse professional fees (architect, land surveyor, notary, etc.) transfer taxes, and other costs related to a real estate project (moving, working capital for production stoppage, etc.) AMOUNT OF INVESTMENTS Between $ And $1,5 million, 31.5% of project cost CHARACTERISTICS 15-year term with no capital repayment obligation before maturity Fixed interest rate for the duration of the investment Possibility of advance capital repayment with no penalty Financial institution guarantee of subordinated rank for infrastructure Investment: $1,500,000 Investment: $100,000 Investment: $275,000

8 8 Annual Report of the Chantier de The establishment of the Fonds d aide à la rénovation de l habitation communautaire (FondsARHC) to assist community housing renovations is an example of a new investment product, created in collaboration with local stakeholders and new financial partners, to meet a development need of this sector of the social economy. The FondsARHC provides a financial product for cooperative and not-for-profit (NPO) housing organizations, with the goal of financing major renovation projects so that tenants rent costs are not adversely affected and allowing groups more leeway to cope with the challenges of the end of the agreement. The FondsARHC commenced operations in 2015, on the initiative of the Chantier de. Our financial partners were the Fonds immobilier de solidarité FTQ and SSQ Groupe financier, subsequently joined by the McConnell Foundation. They invested $32.5 million that will be used to renovate 1,500 housing units in Québec, representing an investment of roughly $25,000 per unit. The FondsARHC: A Few Figures 19 authorized projects Authorized loan amount $11,130, units In 5 administrative regions 9 Montréal 1 Bas-Saint-Laurent 2 Gaspésie-les-Iles-de-la-Madeleine 3 Chaudières-Appalaches 1 Capitale-Nationale 3 Estrie

9 Annual Report of the Chantier de 9 Coopérative d habitation Desormeaux de Sherbrooke Coopérative d habitation du Remous (Charny) $ Type of work: Repairs to interior floors and stairways. Repairs to exterior balconies and sidewalks. Renovation of several bathrooms. FondsARHC investment: $362,445 $ Type of work: Renovation of bathrooms. Repairs to windows and exterior siding. Some outdoor work. FondsARHC investment: $410, units 16 units Coopérative d habitation les Riverains de Coaticook Coopérative d habitation Champigny Type of work: Repairs to the retaining wall (gabion). Attic repairs. Replacement of patio doors and renovation of some bathrooms. $ $ FondsARHC investment: $286, units Type of work: Replacement of doors and windows. Partial bathroom renovations. Floor repairs in units. FondsARHC investment: $463, units

10 10 Annual Report of the Chantier de With initial capitalization of $10 million, the Fonds d investissement pour logement étudiant (FILE) [student housing investment fund] is a new social economy investment product dedicated primarily to financing affordable student housing to meet the needs of Québec students. Created in 2018 by the Chantier Trust in partnership with the Fonds immobilier de solidarité (FTQ), Fondaction and the McConnell Foundation, the aim of this new financing tool is to accelerate and systematize student housing initiatives. These partners contributed to the initial capitalization of $10 million. NPO UTILE Type of work: construction of the building FILE investment: $3,036, units 144 student rooms

11 Annual Report of the Chantier de 11 News February 2018 The Chantier de and the RISQ tour Québec to present their financial tools. March 2018 The Chantier de welcomes the finance minister s budget speech announcement of a $10 million investment to support its recapitalization. October 2018 June 2018 At the 2018 GSEF in Bilbao, Jacques Charest co-facilitated a workshop on the synergy and complementarity of the Chantier de l économie sociale and Investissement Québec. New $10 million fund for student housing. The Fonds d Investissement pour Logement Étudiant (FILE) provides long-term investments with advantageous terms for the construction of 300 new units, including roughly 500 rooms at an affordable price throughout Québec.

12 12 Annual Report of the Chantier de November 2018 Finance Minister Jean-Yves Duclos, visits the Maison de l Économie sociale to announce the granting of $755 million over 10 years to establish a social finance fund to support Québec community initiatives. Philippe Garant, RISQ, Béatrice Alain, Chantier de l économie sociale, Minister Jean Yves Duclos and Jacques Charest. December 2018 Jacques Charest hosts the Korean delegation headed by Sung hyun Moon, chairman of the Economic and Social Development Commission, during their visit to the Maison de l économie sociale to learn more about the social economy in Québec and the operations of the Chantier de.

13 Annual Report of the Chantier de 13 The Trust in 2018 Number of active projects: 25, including 2 reinvestments No. of jobs created and maintained: 328 Number of new enterprises: 23 No. of administrative regions: 13 administrative regions Amount of active loans: $7,209,485 Average of active loans per project: $299,325 Amount of generated investments: $65,874,509

14 14 Annual Report of the Chantier de Legal form (23 enterprises): No. of projects supported with financial products (25 projects): 4 CONSUMER CO-OPS 1 PRODUCER CO-OP 6 WORKERS CO-OPS NPOs 14 Investments based on development phases (23 enterprises): 1-18 in EXPANSION 5 in STARTUP

15 Annual Report of the Chantier de 15 Investment Portfolio Since 2007, the Chantier de l économie sociale Trust has authorized investments of over $69 million with 212 enterprises (261 projects). Investment Highlights Cumulative Data Year 2018 Authorized Loans Active Loans Active Loans No. of projects No. of reinvestments No. of enterprises Investments $69,283,094 $59,903,281 $7,209,485 Average investment per project $289,703 $286,090 $299,325 % of investment portfolio 73% 74% 79% Generated investments $488,894,480 $438,871,605 $65,874,509 Number of jobs created and maintained 4,200 3, Average amount invested per job $16,498 $17,132 $21,994 No. of administrative regions Authorized Loans: Includes all loans authorized by the Trustee Council since the Chantier Trust s inception. Active loans: Includes loans disbursed and to be disbursed; excludes renounced loans. Authorized Amounts Cumulative amount and number of authorized projects The following graphics illustrate the progression of Chantier Trust authorized and generated investments in the years since its inception: Cumulative authorized investment amounts $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $4M 11 $9M 27 $12M 49 $19M 70 $26M 100 $30M 123 $38M 148 $47M 169 $52M 193 $57M 212 $62M 236 $69M 261 $ Year

16 16 Annual Report of the Chantier de Amount of generated investments (project costs) Generated amounts $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $155M $193M $214M $250M $284M $336M $386M $423M $489M $150,000,000 $100,000,000 $50,000,000 $22M $42M $71M 0 $ Year Accumulated investments in enterprises by type of loan Our financial products meet all kinds of needs expressed by social economy enterprises: real estate patient capital loan () for real estate projects and operations patient capital () for working capital, market launching, and equipment acquisition. 235 projects 47% 110 projects 34% 80 projects 19% 45 projects / Real Estate Patient Capital Operations Patient Capital

17 Annual Report of the Chantier de 17 Scale of active investments $900,000 or more $700,000 to $899,999 $500,000 to $699,999 $300,000 to $499,999 $100,000 to $299,999 Under $100, enterprises Regional distribution of investments Investment highlights Active loans Generated investments Amount % No. % Amount % Greater Montréal Area 1 $4,544,177 7% 18 9% $44,873,750 10% Large urban centres 2 $26,321,068 44% 55 29% $175,867,946 40% Central territories 3 $17,818,812 30% 72 38% $116,623,705 27% Outlying territories 4 $11,219,223 19% 45 24% $101,506,204 23% Total $59,903, % % $438,871, % 1 Capitale-Nationale, Outaouais 2 Montréal, Laval 3 Mauricie, Estrie, Chaudière-Appalaches, Lanaudière, Laurentides, Montérégie, Centre-du-Québec 4 Bas-Saint-Laurent, Saguenay-Lac-Saint-Jean, Abitibi-Témiscamingue, Côte-Nord, Nord-du-Québec, Gaspésie-Îles-de-la-Madeleine

18 18 Annual Report of the Chantier de The chart below shows the distribution of Chantier Trust active loans by administrative region: Administrative region Active Loans Generated investments No. of enterprises No. of jobs Abitibi-Témiscamingue (08) $887,113 $6,852, Bas-Saint-Laurent (01) $4,915,034 $47,349, Capitale-Nationale (03) $1,673,325 $8,228, Centre-du-Québec (17) $2,337,947 $14,685, Chaudière-Appalaches (12) $1,190,000 $4,710, Côte-Nord (09) $2,570,797 $13,239, Estrie (05) $2,663,023 $11,965, Gaspésie-Îles-de-la-Madeleine (11) $600,500 $3,260, Lanaudière (14) $1,014,104 $20,379, Laurentides (15) $3,542,084 $27,734, Laval (13) $857,500 $3,570, Mauricie (04) $2,522,965 $14,215, Montérégie (16) $4,548,689 $22,933, Montréal (06) $25,463,568 $172,297, Outaouais (07) $2,870,852 $36,645, Saguenay-Lac-Saint-Jean (02) $2,245,779 $30,804, Total $59,903,281 $438,871,

19 Annual Report of the Chantier de 19 Investments in industries The Trust invests in all industries: Cumulative amounts: $59.9 million No. of enterprises: 190 Agri-food $4,318, enterprises 7% 9% Arts and culture $5,701, enterprises 10% 9% Other $685,000 3 enterprises 1% 2% Retail $2,676, enterprises 5% 6% Environment $3,453,498 9 enterprises 6% 5% Forestry $2,555,500 8 enterprises 4% 4% Collective real estate 13 enterprises $12,926,861 22% 7% Recreation and Tourism $7,383, enterprises 12% 15% Manufacturing Community media Health $716,585 3 enterprises $813,333 8 enterprises $1,639,324 8 enterprises 1% 2% 1% 4% 3% 4% Business $1,432,500 9 enterprises 2% 5% Personal $8,216, enterprises 14% 14% Local $1,945, enterprises 3% 5% Funeral $4,538, enterprises 8% 4% Information and communication technologies $900,924 6 enterprises 1% 3% INVESTMENT AMOUNTS 0 $2M $4M $6M $8M $10M $12M NO. OF ENTERPRISES

20 20 Annual Report of the Chantier de Legal forms of enterprises The Chantier Trust invests in social economy enterprises, cooperatives and not-for-profit organizations: 190 enterprises 110 NPO 20 Consumer co-ops 3 Producer co-ops 58% 2,238 jobs ,5% 1,5% jobs 42 jobs 40 Solidarity co-ops 17 Workers co-ops % 9% jobs 397 jobs Investment in phases of development Investments in all phases of an enterprise s development, from start-up to expansion, even acquisition of the assets of existing enterprises. 190 enterprises 71 enterprises 119 enterprises 587 jobs jobs Startup Expansion

21 Annual Report of the Chantier de 21 Projects funded in 2018 Coopérative de travail Inter-Nations Project : Purchase of specialized equipment for the felling and transportation of logs and other work equipment in the forest. The CTIN is the first enterprise among the First Nations of Québec to adopt the social economy model. Its goal: enable people in the Aboriginal forestry industry to take charge of their own lives by becoming both business owners and workers. After ten seasons, with a total of 16 million reforested trees and silvicultural work for more than 30 seasonal employees, its income since its foundation has exceeded 8 million dollars. The enterprise has BNQ-PGES certification, certifying good management practices of a forestry enterprise that also carries out non-commercial (planting, brush clearing, forestry surveys, etc.) work in public forests. Mauricie Investment: $130,000 Maison Funéraire de l Amiante Project : Expansion and renovation of head office The Maison Funéraire de l Amiante, which is a member of the Fédération des Coopératives funéraires du Québec, provides a full range of quality and contemporary funeral that fulfill the expectations of its member and non-member clientele. What s more, all their products are made in Québec. The goal of the head office expansion project was to provide several new under one roof: the addition of a chapel, columbariums, a family gathering room and a reception room. Chaudière-Appalaches Investment: $305,000 mfamiante.coop

22 22 Annual Report of the Chantier de Coopérative de consommation de l île d Anticosti Project : Refurbishing of petroleum storage and distribution facilities on Anticosti Island. The Coopérative de Consommation de l île d Anticosti is a social economy enterprise whose membership comprises most of the residents of Port-Menier and the companies of Anticosti Island. It also operates a marine oil depot for the storage and bulk sale of fuels and aims to effectively meet the food needs of its customers by offering them a wide variety of high-quality products at the right price. Côte-Nord Investment: $250,000 cooperativeanticosti.com Radio communautaire de la Rive-Sud Project : Relocation of the broadcast facility FM is committed to supporting the emergence of an identity for the south shore of the island of Montréal and fostering community expression. A well-established presence at the service of the community, it contributes to the well-being of community members by taking an active part in its cultural, social and economic development. By providing a local radio service that is accessible to the public, it offers an alternative to advertisers who want to reach a radio audience. It also serves as a springboard for young people in the field of communication, French-speaking singer-songwriters and local singing talent. Montérégie Investment: $60,000 fm1033.ca

23 Annual Report of the Chantier de 23 Centre L Entre-toit Project : Purchase of land and construction of a new building The Centre l Entre toit is a community organization dedicated to the stabilization and social reintegration of persons exhibiting dual mental health disorders who are in trouble with the law and/or addiction. With its expertise in risk management, it is a specialized intermediate resource that can recognize early symptoms and work in collaboration with treatment teams and partners to keep people in housing who would otherwise need to be re-hospitalized. Montréal Investment: $1,500,000 lentretoit.org CDC de Sherbrooke Project : Renovation of a building to provide affordable rented office space to community organizations The Corporation de développement communautaire de Sherbrooke is a multisectoral grouping of community organizations in the Sherbrooke area. As part of its community development mission, the CDC de Sherbrooke provides member groups with training and networking opportunities and represents them before various local bodies. It brings together community and social economy organizations in various sectors to ensure community participation in the social and economic development of Sherbrooke and its environs. Estrie Investment: $51,676 cdcsherbrooke.org

24 24 Annual Report of the Chantier de Governance and Staff The governance of the Chantier de l Économie sociale Trust consists of a council and two interacting committees. Composed of development and social and solidarity finance stakeholders, representatives of every region in Québec, and Chantier de staff members, they meet regularly throughout the year. Trustee Council In 2018, the Trustee Council held 12 meetings in which members contributed their expertise to make decisions based on the Investment Committee s recommendations and develop and confirm the Trust s strategic policy directions. Their work constituted an essential support to the Trust s permanent staff. Investment Committee All investment requests made to the Chantier de are reviewed by an analyst from the Réseau d investissement social du Québec (RISQ) who works closely with local development stakeholders. Once the file has been analyzed, it is presented to the Trust s Investment Committee. Composed of members of the Chantier Trust and development stakeholders, this committee meets every two weeks. Committee members issue an investment recommendation to the Trustee Council. It is a priority for RISQ and the Investment Committee to ensure that investment proposals meet a community-identified need and are supported by local development stakeholders. Audit Committee The Audit Committee, whose members come from outside the Trust, ensures that financial information, risk management and control processes comply with current laws and regulations and are in accordance with our activities. «In 2018, 25 projects were reviewed during 19 meetings of the Investment Committee

25 Annual Report of the Chantier de 25 Staff and governance teams TRUSTEE COUNCIL Patrick Duguay (beginning April 2018), Chantier de l économie sociale (chair) Éric Baron Fondaction-CSN Jean-Maxime Nadeau Investissement Québec Édith Cyr Association des Groupes de Ressources Techniques du Québec (secretary) Claude Jarret Amélie Dugas-Sampara (beginning June 2018) Fonds de solidarité FTQ Claude Ouellet Aide Technique pour Entreprises Alternatives (ATENA) OBSERVERS Julie Chartrand-Beauregard Ministère de l Économie, de la Science et de l Innovation Michel Taylor Fonds immobilier de solidarité FTQ INVESTMENT COMMITTEE Liette Courchesne Fiducie du Chantier de l économie sociale (chair) Guy Laroche Fondaction-CSN Claude Jarret Amélie Dugas-Sampara (beginning June 2018) Fonds de solidarité FTQ Marlène Gagnon Investissement Québec Cynthia Collette Réseau des entreprises d économie sociale de l Estrie Claudine Lalonde CDR Outaouais-Laurentides Isabel Faubert-Mailloux (beginning October 2018) Réseau Coop Éric Baron (substitute) Fondaction-CSN Jean-Maxime Nadeau (substitute) Investissement Québec Jacques Charest (substitute) Chantier de NON-VOTING MEMBERS Charles Gagnon Chantier de l économie sociale Philippe Garant Réseau d investissement social du Québec AUDIT COMMITEE Nathalie Blanchette (chair) Yves Fortin Pierre Sylvestre NON-VOTING MEMBERS Éric Baron Fondaction-CSN Claude Jarret Fonds de solidarité FTQ Olivier Prévost Investissement Québec We wish to thank all the individuals involved in our governance for their commitment to the Chantier de throughout the year.

26 26 Annual Report of the Chantier de Chantier Trust Staff Left to right Jacques Charest, Executive Director Liette Courchesne, Finance and Investment Director Nathalie Pinet, Accounting Officer Nadine Noël, Operations Assistant John Johnston, Investment Advisor/Fonds ARHC

27 Annual Report of the Chantier de 27 Trust Investments Since its Inception Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Abitibi-Témiscamingue (08) $887,113 $6,852, Les Serres coopératives de Guyenne 2007 and Radio Boréale 2009 Community media Centre d artistes en arts visuels de l Abitibi-Témiscamingue (CAAVAT) Agri-food $300,000 - $50,000 REC $70, Arts and culture $110,000 - Recyclo-Nord 2011 Environment $107,000 - Coopérative de solidarité Wabak 2013 Local $250,000 $1,975, CLD d Abitibi-Ouest, CDR Abitibi-Témiscamingue, SADC Abitibi-Ouest $346,113 4 CLD de l Abitibi, CDC d Amos, ARCQ $515,000 6 CLD de Rouyn-Noranda $360,616 4 CLD d'abitibi-ouest, SADC Abitibi-Ouest $3,654, CDR de l Abitibi-Témiscamingue, Corporation Wabak Pimadizi Bas St-Laurent (01) $4,035,376 $30,612, Corporation de développement touristique de Saint-Juste-du-Lac (Camping Le Sous-bois de l'anse) 2008 Recreation and tourism $100,108 $477,108 6 CLD de la MRC de Témiscouata Site historique maritime de la Pointe-au-Père (projet Onondaga) 2008 Recreation and tourism $250,000 Le Cabestan 2009 Agri-food $50,000 Station touristique du Mont-Citadelle Coopérative de développement régional Bas-Saint-Laurent/ Côte-Nord 2010 Recreation and tourism 2011, 2017 Collective real estate Quilles Vallée D'Amqui 2011 Recreation and tourism ÉcoMaris (projet Grand Cerf-volant) Coopérative de solidarité La Co.Mode Verte Coopérative Multi-Services de St-Adelme Coopérative de solidarité Les Méchins 2011 Personal 2008,2011 and 2012 $350,000 $309,278 $329,658 REC $258,500 $325,000 -, Environment $217, Local $90, Local $111,040 - $3,181, CLD Rimouski-Neigette $276,600 5 CLD de Matane, CDR du Bas-Saint-Laurent/Côte-Nord $10,883, CLD de la MRC de Témiscouata $1,888,700 7 CDR Bas-Saint-Laurent/ Côte-Nord $995,116 4 CLD de la Matapédia $1,110, CLD de Rimouski-Neigette $1,478,996 8 CLD de la MRC de Matane, CDR Bas-Saint-Laurent/Côte-Nord $304,605 4 CLD de la Matane $548, Fédération des coopératives alimentaires du Québec, CLD de La Matanie et la CDR Bas-Saint- Laurent/Côte-Nord

28 28 Annual Report of the Chantier de Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Bas St-Laurent (01) $4,035,376 $30,612, Logements Populaires du Bas-Saint-Laurent Coopérative des consommateurs du Haut-Pays 2013 Collective real estate $53, Retail $309,660 - Distribution Arnaud 2015 Agri-food $250,000 Coopérative d'aliments naturels ALINA de Rimouski Coopérative forestière de la Matapédia 2015 Retail $343, Forestry $693,000 $245,795 7 None $1,003,656 7 CLD Rimouski Neigette, CDR Bas-Saint-Laurent, SADC Neigette. $3,038, CDR Bas-St-Laurent/Côte-Nord $1,462, CDR Bas-St-Laurent/Côte-Nord $2,253, MRC de la Matapédia, Fédération québécoise des coop forestières Capitale-Nationale (03) $1,673,325 $8,228, Coopérative de Solidarité Les Grands Rangs 2011 and 2012 Agri-food $131,825 Coopérative funéraire La Capitale 2012 Funeral $450,000 La Maison des Petites Lucioles 2013 Personal $110,500 Magasin général Saint-Fidèle 2014 Local $131,000 Microbrasserie Les Grands bois, Coopérative de travail brassicole Coopérative des brasseurs professionnels St-Roch 2015 Agri-food $65, Agri-food $150,000 SPCA Charlevoix 2016 Other $60,000 Fonds d emprunt économique communautaire (Québec) Association des TCC des Deux-rives 2017 Business 2018 Personal $300,000 $275,000 $607,200 3 CLD de Québec $1,866, CLD de Québec, Fédération des coopératives funéraires du Québec $766, None $1,349,750 6 CLD de la MRC de Charlevoix- Est, la CDR Québec-Appalaches, SADC de Charlevoix, CFE Charlevoix $515,000 5 CDR Québec-Appalaches, CLD Portneuf $488, None $267,500 4 MRC Charlevoix MRC Charlevoix EST $1,480,000 9 CDEC de Québec $887, None Centre-du-Québec (17) $2,447,947 $15,115, Légendes Fantastiques 2007 Arts and culture $342,000 - Centre de la Biodiversité du Québec Service funéraire coopératif Drummond 2007 Environment $381, and 2008 Personal Village Québécois d Antan 2008 Recreation and tourism Coopérative de solidarité alimentaire des Seigneuries 2009 and 2010 $525,000 $244,578 Local $165,000 - $3,150, SDE de Drummondville (CLD) $1,295,040 9 CLD de la MRC de Bécancour, SADC Nicolet-Bécancour $4,353, SDE de Drummondville (CLD), Fédération des coopératives funéraires du Québec $1,369, SDE de Drummondville (CLD) $988,950 8 CDR Centre-du-Québec / Mauricie, CLD de la MRC de Bécancour

29 Annual Report of the Chantier de 29 Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Centre-du-Québec (17) $2,447,947 $15,115, Coopérative de solidarité au Goûts du Monde Centre d entraide Contact de Warwick Centre d'action bénévole Drummond 2014 Agri-food $479, Personal 2018 Personal $110,000 $100,000 Microbrasserie le Chalumo 2018 Agri-food $100,000 $1,600,000 6 SDE de Drummondville (CLD) $430,600 7 CLD de Victoriaville $1,352,650 7 Société de développement économique de Drummondville (SDED) $575,000 4 Corporation de développement économique de Victoriaville et sa région (CDEVR) Chaudière Appalaches (12) $1,240,000 $4,710, Coopérative de solidarité récréotouristique du Mont Adstock 2011 Recreation and tourism $123,000 - $372, SDE de la région de Thetford (CLD), CDR Québec-Appalaches Radio communautaire de Lévis 2012 Community media Coopérative de santé Robert-Cliche $50, Health $102,000 Formaca 2017 Manufacturing $370,000 Service d'entraide de Charny 2018 Personal Coop funéraire de la région de l'amiante $240, Funeral $305,000 $155,000 4 CDE Lévis $293,550 6 CLD Robert-Cliche, CDR du Québec-Appalaches $1,600, CLD de la MRC de Montmagny $765,555 2 Ville de Lévis $1,524, Société de développement économique de la région de Thetford Mines, Fédération des coopératives funéraires du Québec (FCFQ) Côte-Nord (09) $2,480,797 $13,239, Alimentation Coop Port-Cartier 2007 Retail $750,000 Corporation touristique de Bergeronnes (Camping Bon-Désir) Ressource de réinsertion Le Phare Coopérative funéraire de la Haute Côte-Nord Coopérative de solidarité Les Bioproduits de la Basse-Côte-Nord Dépanneur Port-Cartier Québec 2008 Recreation and tourism 2009 and 2014 $155,000 Environment $456, Funeral $616,000 / 2015 Agri-food $75, Local $100,000 Coopérative de solidarité Osmia 2017 Retail commerce $118,000 - Coop de solidarité Centre de Quilles Cartier Coop de consommateur d Anticosti 2017 Recreation and tourism $50, Retail $250,000 $5,685, CLD de la MRC de Sept-Rivières, Fédération des coopératives alimentaires du Québec $465, CLD de la Haute-Côte-Nord $1,553, CLD de la MRC de Sept-Rivières, Conseil Québécois des entreprises adaptées $2,091,000 4 Fédération des coopératives funéraires du Québec $536, Coasters Association $494,000 8 MRC des Sept-Rivières $ 642,494 7 SADC Manicouagan ID Manicougan $425,000 2 MRC des Sept-Rivières Ville de Port Cartier $1,346,156 8 None

30 30 Annual Report of the Chantier de Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Estrie (05) $2,663,023 $11,965, Coopérative de l'université de Sherbrooke Coopérative brassicole de l'autre monde 2007 Retail $250, Agri-food $169,000 Coopérative funéraire de l'estrie 2008 Personal Jouvence, base de plein air inc and 2009 Coopérative de thérapie pour personnes dépendantes (Centre Caroline Roy) Recreation and tourism $450,000 $750, Health $50,000 Manoir de Novo 2011 Personal Ressourceries des frontières 2012 and 2015 $200,000 Environment $182,347 Le Vieux Clocher de Magog 2015 Arts and culture $350,000 $1,450, Fédération des coopératives en milieu scolaire $510,000 5 CDR de l'estrie, CDEC de Sherbrooke $2,051, CLD du Haut Saint-François, CDR de l Estrie, Fédération des coopératives funéraires du Québec $2,715, CLD de la MRC de Memphrémagog $530, CLD du Granit, CDR de l Estrie $686,040 8 CDEC de Sherbrooke $863, CLD de Coaticook, SADC de Coaticook $1,525, CRÉ Estrie Centre Corps Âme et Esprit 2018 Personal Corporation de développement communautaire de Sherbrooke (CDC) Coopérative Radio Web Média des Sources Gaspésie-îles-de-la- Madeleine (11) Coopératives des travailleurs CHNC Coopérative Nature Tourisme Connecté à la Terre Village en chanson de Petite-Vallée 2018 Collective real estate 2018 Community media 2007 Community media $160,000 $51,676 $50,000 $619, CDEC de Sherbrooke $580,000 2 CDEC de Sherbrooke $436,000 6 SADC, CDRQ bureau de l Estérel, MRC des Sources, Réseau Coop $600,500 $3,260, $95, Forestry $105, and 2016 Arts and culture $100,000 $50,000 REC Agrès de pêche ACPG Inc Other $250,000 Lanaudière (14) $1,014,104 $20,406, $271, CLD de la MRC de Bonaventure $467, SADC Baie-des-Chaleurs $1,049, CLD de la Côte de Gaspé $1,472, MRC Côte de Gaspé direction du développement économique Atelier spécialisé Les Moulins 2010 Business Centre d'amitié autochtone Lanaudière Dianova Canada 2013 and 2015 Coopérative de solidarité de la Matawinie Fondation de la Guilde de pains d épices 2011 Personal Personal $230,000 $50,000 $223, Forestry $102, Personal $156,000 $731, CLD économique des Moulins $273,067 4 CRÉ Lanaudière $2,003, CLD Terrebonne-Mascouche $874,530 3 CDR Matawinie, SADC Matawinie, CLD Matawinie $578,183 5 CLD de la Matawinie

31 Annual Report of the Chantier de 31 Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Lanaudière (14) $1,014,104 $20,406, Musée d'art de Joliette 2017 Arts and Culture $150,000 $15,396, Ville de Joliette SADC Achigan-Montcalm 2017 Personal Coop taxi de Terrebonne 2018 Personal $50,000 $52,500 $396,000 7 SADC Achigan Montcalm $152,500 5 MRC des Moulins Laurentides (15) $3,309,409 $27,581, Sport Zone 2010 Recreation and tourism Coopérative de service de proximité Laurel Station 2011 and 2017 Parc régional du Poisson Blanc 2011 Recreation and tourism Coopérative pomicole du Lac des Deux-Montagnes 2010 and 2011 Haute voltige Laurentides 2012 Recreation and tourism $78,750 Retail $78,000 - $12,048 REC $113,092 - Agri-food $1,250,000 - $175,000 Télé Câble La Conception 2013 TIC $180,000 Coopérative funéraire Brunet 2013 Funeral $145,000 Centre Robert Piché/ Elphege Roussel Librairie Carpe Diem, coopérative de solidarité Centre résidentiel communautaire Curé-Labelle Corporation Théâtre Saint Eustache L Interval, coopérative de solidarité de Plein Air 2014 Personal $421, Retail $60, Personal $277, Art and culture $250, Recreation and tourism Inter action travail 2017 Personal L Association pour la télédistribution & radio La Minerve inc ICT $284,000 - $52,750 $232,674 $245,427 4 CLD des Pays-d'en-Haut $322,548 3 CLD des Pays-d'en-Haut, CDR Outaouais/Laurentides $425,978 5 CLD de la MRC d'antoine- Labelle, SADC d'antoine-labelle $6,620, CLD de la MRC des Deux- Montagnes, CDR Outaouais/ Laurentides $2,225,000 8 SADC d Antoine Labelle, CLD de la MRC d Antoine Labelle $1,030,804 / SADC des Laurentides, CLD des Laurentides $545, CLD Antoine Labelle et SADC Antoine Labelle $2,887, CLD de la MRC d Argenteuil $300,900 4 CLD de la MRC des Laurentides $2,961, None $2,400, CLD Deux-Montagnes $1,383, CDE des Laurentides SADC des Laurentides CDRQ de la Montérégie $1,100, CDE MRC des Laurentides $5,286,638 5 MRC de la Minerve, Fédération des coopératives de câblodistribution et de télécommunication du Québec

32 32 Annual Report of the Chantier de Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Laval (13) $857,500 $3,570, Bonjour Aujourd'hui et Après 2008 Personal Centre d'entraide et de communautaires du Marigot Centre de communautaires et d aide au Maintien de l Autonomie (Scama) Association lavalloise de parents et d amis pour le bien-être mental (ALPABEM) 2009 Personal 2011 Personal 2018 Personal $160,000 $152,500 $355,000 - $190,000 $533, CLD de Laval $576, CLD de Laval $1,414, CLD de Laval $1,044,937 5 Service de développement économique de Laval Mauricie (04) $2,822,965 $14,615, Société Immobilière Communautaire des Premiers Quartiers (Auberge Internationale de Trois-Rivières) 2008 Recreation and tourism $59,000 - $224,670 3 IDE Trois-Rivières, ECOF-CDEC de Trois-Rivières Groupe RCM inc Environment $250,000 Coopérative de solidarité Collecte, transport, valorisation Mauricie Coopérative de solidarité multi Montauban Coopérative de travail brassicole, Le Temps d une Pinte Coopérative de solidarité du marché public de Shawinigan 2009 and Collective real estate 2013 and 2014 Radio Shawinigan 2015 and 2016 Environment $298,000 - $300,000 CAU $208,396 Agri-food $383, Agri-food $100,000 Community media Pavillon de l Assuétude 2017 Personal Coopérative de travail Inter-Nations $97,020 $797,239 / 2018 Forestry $130,000 Gestion JNL 2018 Personal $200,000 / $3,794, CLD de la MRC de Maskinongé, Conseil québécois des entreprises adaptées $1,293, CLD Shawinigan, SADC Centre-de-la-Mauricie $1,431,271 / CLD Mékinac, CDR Centre-du- Québec/Mauricie $1,494, CDR Centre du Québec-Mauricie, CLD Trois- Rivières $628,000 1 CLD de Shawinigan, SADC du Centre-de-la-Mauricie $277,500 8 CLD de Shawinigan, SADC Centre-de-la-Mauricie, CDC de la Mauricie $2,527, None $1,303, Commission de développement économique des Premières Nations (CDEPNQL) $1,640,827 5 CLD de Trois-Rivières, IDE Trois-Rivières Montérégie (16) $4,793,689 $23,668, Recyclo-Centre 2007, 2008 and 2014 Coopérative de solidarité, le magasin général de Saint-Antoine-sur-Richelieu Coopérative funéraire de la Rive-sud de Montréal Centre d'aide et de Réhabilitation pour Alcooliques et Toxicomanes ou C.A.R.A.T. Environment $1,500, Retail $185, Funeral $225, Health $70,000 $8,279, CLD du Bas-Richelieu $657,000 6 CLD de la Vallée-du-Richelieu, Fédération des coopératives d'alimentation du Québec $2,957, CLD de l'agglomération de Longueuil, Fédération des coopératives funéraires du Québec $367,000 7 Conseil économique du Haut-Richelieu (CLD)

33 Annual Report of the Chantier de 33 Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Montérégie (16) $4,793,689 $23,668, Coopérative de service Internet Pierre-De Saurel Coopérative de solidarité Au Cœur du Village Maison de la musique de Sorel-Tracy Coopérative funéraire de St-Hyacinthe / Résidence funéraire Maska 2011 ICT $50, Personal $490, Arts and culture $81, Funeral $615,000 Les amis de croisières Richelieu 2012 Recreation and tourism Société d'agriculture du Comté de Shefford 2012 Recreation and tourism Fondation Roger Talbot 2012 Recreation and tourism $156,387 / $63,000 $92,802 Surbois 2014 Forestry $125,000 Développement Marieville 2014 Health $425,000 Certex 2016 Retail $125,000 Les Ateliers Transition 2017 Personal Regroupement des CPE de la Montérégie 2017 Personal $250,000 $280,000 $881,546 4 CLD de Pierre-de-Saurel $1,992, CLD Haute-Yamaska, CDR Montérégie $500,000 3 CLD de Pierre-de-Saurel, SADC Pierre-De Saurel $1,965,000 5 CLD Les Maskoutains, Fédération des coopératives funéraires du Québec $557, Conseil économique du Haut-Richelieu $200,000 8 CLD Haute-Yamaska $337,802 8 CLD Haute-Yamaska $850, CLD Beauharnois-Salaberry $1,580,000 4 CLD au Cœur de la Montérégie $400, Développement économique Longueuil CQEA (conseil québécois des entreprises adaptées) $973,000 8 MRC des Maskoutains 895,000 7 None Radio communautaire de la Rive-Sud 2018 Community media $60,000 $274, Développement économique Longueuil (DEL) Montréal (06) Corporation de développement Le Dauphin (Cinéma Beaubien) Les Boutiques Chic Chez Vous (Collection Innova) Société des fêtes et festivals du Québec (Festivals et événements Québec) Ateliers Créatifs - Centre-sud / Plateau Mont-Royal (Le Chat des Artistes) 2007 and 2009 Coopérative de solidarité Développement Jarry /2 e 2008, 2013 and 2015 Coopérative de solidarité en environnement La Maison Verte Coopérative funéraire de l'île de Montréal TAZ, Centre Multidisciplinaire et Communautaire Arts and culture $781, Retail $150, Recreation and tourism 2008 Collective real estate Collective real estate $250,000 $686,542 $930, Retail $95, , 2010 and 2011 Funeral $805, Recreation and tourism $950,000 - $2,741, CDEC Rosemont Petite-Patrie $450, CLD de l agglomération de Longueuil, CDEST $572, None $2,794,203 3 CDEC Centre-sud/Plateau Mont-Royal $3,074,976 / CDEC Centre Nord, CDR Montréal-Laval $593,321 7 CDR Montréal-Laval, CDEC Côte-des-Neiges/ Notre-Dame-de-Grâce $2,969,500 9 CDEST, Fédération des coopératives funéraires du Québec $13,609, CDEC Centre-Nord

34 34 Annual Report of the Chantier de Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Montréal (06) $26,089,592 $171,054, Coopérative de solidarité Tibet Libre (Bistro Tributerre) École de percussions du Québec (Samajam) 2009 Retail $100, , 2010 and 2011 Arts and culture $185,000 Regroupement de Lachine 2009 Collective real estate Atelier boutique Vélogik (Saint-Michel) $204, Retail $50,000 Maison du développement durable 2010 Collective real estate $1,500,000 Vidéographe 2010 Arts and culture $100,000 Centre de communautaire du Monastère 2010 Collective real estate Le Refuge des jeunes de Montréal 2010 Personal Coopérative de musicaux Le St-Phonic Commerce Solidaire Québec 2011 and 2015 $140,000 $200, Arts and culture $275,319 Business $207,500 Société des arts technologiques 2011 Arts and culture $550,000 Carrefour des 6-12 ans de Pierrefonds-Est Groupe Paradoxe 2011, 2013 and 2014 Fondation Travail sans frontières 2012, 2015 and Personal $150,000 Arts and culture $1,444,471 Personal Lange Bleu 2012 Business $1,150,900 $60,000 Bois Urbain 2012 Manufacturing $196,585 / CADRE 2013 Personal Maison de l économie sociale 2013 and 2014 La Maison de la coopération du Montréal métropolitain Société Canadienne pour la Prévention de la Cruauté envers les Animaux «SPCA» Montréal 2013 and 2014 Collective real estate Collective real estate $473,353 - $707,513 $1,500,000 $3,014,572 REC 2013 Other $375,000 - CS WEBTV 2013 ICT $127,000 L'école entreprise Formétal 2014 Manufacturing $150,000 Promotion Intégration Société Nouvelle (Promis) 2014 and 2016 Personal $361,000 $330, CDEC Centre-Nord $519, CDEST $1,212,500 / CLD de Lachine, CDEC Lasalle-Lachine $153,950 3 CDEC Centre-Nord $26,590,000 1 SDE Ville-Marie (CLD) $375, None $413,591 3 CDEC Centre-Sud/ Plateau Mont-Royal $1,546, None $2,922,589 1 CDEC Centre-Sud/ Plateau Mont-Royal $600,000 1 None $10,621, SDE Ville-Marie (CLD) $556, CLD de l'ouest de l'île/ West Island $4,982, RESO $4,320, CDEC Centre-Sud/ Plateau Mont-Royal $170,000 4 CDEC Rosemont Petite-Patrie $659, CDEC Ahuntsic-Cartierville $1,698, CLD de Lasalle $2,464,236 / None $9,890,072 6 None $1,586, None $364,905 9 CDEC Centre-Sud/ Plateau Mont-Royal $1,355, RESO $1,152, None

35 Annual Report of the Chantier de 35 Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Montréal (06) $26,089,592 $171,054, Coopérative de Enfance Famille 2014 Personal Radio Centre-Ville Saint-Louis 2014 Community media MABRASSERIE, coopérative de solidarité brassicole Cité des arts du Cirque (TOHU) 2015 and 2017 $150,000 - $150, Agri-food $250,000 Arts and culture $250,000 $500,000 REC Les 7 doigts de la main 2015 Arts and culture $500,000 La Maison d Haïti 2015 Personal $285,000 Part du Chef 2015 Agri-food $214,568 - Coopérative de solidarité Temps Libre Unité de travail pour l'implantation de logement étudiant 2015 Business 2016 and 2017 Collective real estate Coforce Inc Business Centre de recherche informatique de Montréal Société de développement environnemental de Rosemont Inc.(SODER) Coopérative de solidarité en fabrication artistique, industrielle et technologique $50,000 $1,500,000, $220, ICT $250, Environment $60, Personal $200,000 ZAP, coopérative de solidarité 2016 ICT $61,250 7 à nous 2017 Collective real estate Un Vélo une ville 2017 Recreation and tourism Centre l'entre-toit 2018 Personal $150,000 $50,000 $1,500,000 Coop la Robine des Bois 2018 Agri-food $142,000 Institut Néomed 2018 Collective real estate $1,500,000 $1,000, CDR Montréal-Laval $532, CDEC Centre-Sud/ Plateau Mont-Royal $1,416, CDEC Rosemont-La Petite- Patrie, CDR Montréal-Laval $1,811, RISQ $16,008, None $3,349, None $259, CDEC Rosemont-La Petite- Patrie, CRÉ de Montréal $148,400 2 CDR Montréal-Laval, PME Montréal Centre-Ville $13,723,996 4 Fonds communautaire pour le logement étudiant (CLÉ) Société canadienne de l hypothèque et le logement (SCHL) $628, CQEA (conseil québécois des entreprises adaptées) $750, PME Montréal Centre-Est $200, PME Montréal Centre-Est, Ville de Montréal $1,027,500 6 PME MTL Grand Sud-Ouest, Ville de Montréal $175,000 4 PME Montréal Centre-Ville $4,150,525 2 PMR-MTL Grand Sud-ouest $330, PME-MTL Centre-ville $5,665, Arrondissement Montréal Nord $409, PME MTL Grand Sud-ouest $19,319, None

36 36 Annual Report of the Chantier de Name of enterprise Year project was authorized Sector Active loans Total project cost Jobs maintained/ created Local and/or sectoral partners Outaouais (07) $2,680,825 $35,757, Coopérative de solidarité de l Auberge de jeunesse Oueskarini 2009 and 2010 Recreation and tourism Vision Multi Sport Outaouais 2010 Recreation and tourism Coopérative de solidarité de aux organismes d'habitation de l'outaouais (ROHSCO) Radio communautaire F.M. de la Haute-Gatineau inc Business 2010 Community media $271,500 - $1,500,000 $95,000 $241,200 - Centre d'exposition L'Imagier 2010 Arts and culture $56,950 Coopérative de solidarité Place du Marché Base de Plein Air Air-Eau-Bois inc and 2017 Bureau régional d'action sida (Outaouais) Coop de consommateur du Camping des Colibris 2011 Agri-food $75,000 Recreation and tourism $316,202 / 2016 Health $215, Recreation and tourism $100,000 $914,000 4 CLD Papineau, CDR Outaouais/ Laurentides $30,000, Développement économique CLD Gatineau $361,652 9 Développement économique CLD Gatineau, CDR Outaouais/ Laurentides $1,806, CLD de la Vallée-de-la-Gatineau, ARCQ $331,950 3 CLD de la Vallée-de-la-Gatineau $451,600 1 CLD Papineau, CDR Outaouais/ Laurentides, SADC de Papineau $386, CLD de Papineau, CLD de la Vallée de la Gatineau $895, GRT ROHSCO (Groupe de ressource technique ROHSCO) $610,000 None Saguenay-Lac-Saint-Jean (02) $2,245,779 $30,804, Coopérative de solidarité Vision Entrepreneuriale Régionale Touristique et Environnementale (VERTE) 2009 Recreation and tourism $100,000 $435, CLD de la Ville de Saguenay Société récréo-touristique Desbiens inc. Coopérative funéraire de Chicoutimi Fédération des coopératives funéraires du Québec Corporation de développement économique Rivière-Éternité Coopérative de solidarité Valoribois Corporation de la Vieille Fromagerie Perron Coopérative forestière de Petit-Paris 2010 Recreation and tourism 2009 and 2010 $94,000 Funeral $200, Funeral $67, and 2013 Recreation and tourism $124, Forestry $150, Personal $124, Forestry $1,000,000 Saint-Fût 2017 Agri-food $83,000 Le Tournant 3F 2018 Personal $167,635 Coop funéraire du Fjord 2018 Funeral $135,000 $1,322, CLD Lac-Saint-Jean-Est $610, Fédération des coopératives funéraires du Québec $265,000 3 CLD de la Ville de Saguenay $503,805 3 CFE Saguenay $1,612, CLD du Fjord, SADC du Fjord Inc. $1,111, CLD Domaine du Roy $22,779, Fédération québécoise des coopératives forestières. MRC Lac St-Jean Est $536,500 3 MRC du Fjord SADC du FJord $1,002, MRC Maria Chapdelaine $624,525 6 Fédération des coopératives funéraires du Québec (FCFQ)

37 Annual Report of the Chantier de 37 Investments of the Fonds d aide à la rénovation de l habitation communautaire Name of enterprise Year project authorized Sector Active loans Total project cost No. units Local and/or sectoral partners Estrie (05) $631,241 $631, Coopérative d habitation Desormeaux de Sherbrooke Coopérative d habitation des Riverains de Coaticook Gaspésie-îles-de-la- Madeleine (11) OBNL Les Habitations de la Montagne Coopérative d habitation La Serre de Gaspé 2018 Community housing 2018 Community housing 2015 Community housing 2016 Community housing $ PC $ PC $362, GRT Entraide Habitat Estrie $268, GRT Entraide Habitat Estrie $1,228,833 $1,228, $727,239 PC $501,594 PC $727, GRT Groupe de ressources en logements collectifs Gaspésie-Iles-de-la- Madeleine $501, GRT Groupe de ressources en logements collectifs Gaspésie-Iles-de-la- Madeleine Bas St-Laurent (01) $187,000 $186, OBNL Les Habitations de d Isle-Verte 2016 Community housing $187,000 PC $186, GRT Habitations populaires de l Est Montérégie (16) $823,168 $823, OBNL Les Habitations de Taillon 2017 Community housing $823,168 PC $823, GRT en Habitation de la région de Sorel-Tracy Montréal (06) $5,277,189 $5,263, Coopérative d habitation St-Augustin 2016 Community housing $928,375 PC $928, GRT Bâtir son quartier Coopérative d habitation Louis-Hector de Callière 2016 Community housing $429,240 PC $429, GRT Conseil Développement Habitation Coopérative d habitation Ste-Cécile 2017 Community housing $745,438 PC $745, GRT Réseau Coopérative d habitation du Coin de la Rue 2017 Community housing $541,391 PC $541, GRT Atelier Habitation Montréal

38 38 Annual Report of the Chantier de Name of enterprise Year project authorized Sector Active loans Total project cost No. units Local and/or sectoral partners Montréal (06) $5,277,189 $5,263, Coopérative d habitation Aux Espaces verts 2018 Community housing $1,192,452 PC $1,192, GRT Atelier Habitation Montréal Coopérative d habitation Nord-Ouest 2017 Community housing $1,440,293 PC $1,416, GRT Réseau Capitale-Nationale (03) $463,663 $463, Coopérative d habitation Champigny 2018 Business $463,663 PC $463, GRT Action Habitation de Québec Chaudière-Appalaches (12) $702,919 $702, Coopérative d habitation Logis d Or 2015 Community housing $176,810 PC $176, GRT Habitation populaire de la Côte Sud Coopérative d habitation Éveil de Montmagny 2016 Community housing $115,794 PC $115,794 8 GRT Habitation populaire de la Côte Sud Coopérative d habitation du Remous (Charny) 2018 Community housing $410,315 PC $410, GRT Habitation Lévy

39 If you need more information or want to submit a financing proposal:? Chantier de : Tel.: / info@fiducieduchantier.qc.ca RISQ is the agency mandated by the Chantier de to receive and analyze loan applications that are then presented to the Chantier de s Investment Committee. Contact RISQ: Tel.: / risq@fonds-risq.qc.ca

40 40 Annual Report of the Chantier de 1431, rue Fullum, suite 207 Montreal (Québec) H2K 0B5 Telephone : Toll free : Fax: info@fiducieduchantier.qc.ca fiducieduchantier.qc.ca