Co-op Financing in 2018!

Loan Fund

 Kristen and Andres pictured above at The Working World’s annual financial cooperative peer loan fund retreat.

Kristen and Andres pictured above at The Working World’s annual financial cooperative peer loan fund retreat.

In 2017, CUCI became a member of The Working World’s Financial Cooperative, to create a local loan fund to capitalize our co-ops utilizing non-extractive finance principles including no repayment on the loans until our co-ops are profitable. Tapping into national dollars, CUCI’s Loan Fund gave its first loan to Sustainergy for expansion into new product lines at the end of 2017. This year, thanks to a generous contribution from Christ Church Cathedral, we raised $50,000 to capitalize the local fund and approved loans for three Our Harvest Co-op (OHC) worker-owners to buy their cooperative membership shares.