Talk:RESOURCES - Revision history

Patty Shepard: /* Community Development Credit Union (CDCU) */

2012-11-06T19:35:08Z

Community Development Credit Union (CDCU)

← Older revision		Revision as of 15:35, 6 November 2012
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	[http://www.entrepreneur.com/article/222683] This is an article explaining Community Development Financial Institutions and their loan programs. Basically loans without having any collateral. But be prepared for a higher interest rate. Nonetheless, this option appears worth exploring, especially for those Social Enterprises looking to buy property in a distressed area of the city. This information focuses on CDFI's as non-profit organizations.		[http://www.entrepreneur.com/article/222683] This is an article explaining Community Development Financial Institutions and their loan programs. Basically loans without having any collateral. But be prepared for a higher interest rate. Nonetheless, this option appears worth exploring, especially for those Social Enterprises looking to buy property in a distressed area of the city. This information focuses on CDFI's as non-profit organizations.
	== Community Development Credit Union (CDCU) ==		== Community Development Credit Union (CDCU) ==
	The purpose of a CDCU is to concentrate the members' financial assets upon developing the community in which the members live. Thus, CDCU's deliver a lot of their financial support to co-ops, small businesses, and residents in a given community. CDCU's loan money to co-ops and it IS a co-op -- what could be better than that! Democratically deciding how your money is used to support your democratically-controlled Sustainable Economy -- WOW! Here's an opportunity. There is currently NO CDCU in the Boston metro area! What an opportunity to start one, which focuses on helping the current community in the Boston area to grow! There are only a few CDCU's in area towns, Fall Fiver & Fitchburg -- a great opportunity to reach-out for assistance from other communities to develop area co-ops. CDCU's are often affiliated with churches -- what an opportunity to outreach to the religious community with co-ops as your common bond. A Boston-area CFCU/CDFI could be a powerful tool to build the co-op and socially-responsible small business communities all over New England. So, why don't we create one!		The purpose of a CDCU is to concentrate the members' financial assets upon developing the community in which the members live. Thus, CDCU's deliver a lot of their financial support to co-ops, small businesses, and residents in a given community. CDCU's loan money to co-ops and it IS a co-op -- what could be better than that! Democratically deciding how your money is used to support your democratically-controlled Sustainable Economy -- WOW! Here's an opportunity. There is currently NO CDCU in the Boston metro area! What an opportunity to start one, which focuses on helping the current community in the Boston area to grow! There are only a few CDCU's in area towns, Fall Fiver & Fitchburg -- a great opportunity to reach-out for assistance from other communities to develop area co-ops. CDCU's are often affiliated with churches -- what an opportunity to outreach to the religious community with co-ops as your common bond. A Boston-area CFCU/CDFI could be a powerful tool to build the co-op and socially-responsible small business communities all over New England. So, why don't we create one! BASEN (Boston-Area Solidarity Economy Network, part of USSEN)

	== Regarding government/collateralized loans ==		== Regarding government/collateralized loans ==
	These are for loans that are supposed to be "small". But they think in		These are for loans that are supposed to be "small". But they think in

Patty Shepard at 19:18, 6 November 2012

2012-11-06T19:18:45Z

← Older revision		Revision as of 15:18, 6 November 2012
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	# I also hear Mondragon is actually a corporation now, not a cooperative.		# I also hear Mondragon is actually a corporation now, not a cooperative.
	# I hear the time trade circle has been incorporated.		# I hear the time trade circle has been incorporated.
			== Regarding Community Development Financial Institutions ==
			[http://www.entrepreneur.com/article/222683] This is an article explaining Community Development Financial Institutions and their loan programs. Basically loans without having any collateral. But be prepared for a higher interest rate. Nonetheless, this option appears worth exploring, especially for those Social Enterprises looking to buy property in a distressed area of the city. This information focuses on CDFI's as non-profit organizations.
			== Community Development Credit Union (CDCU) ==
			The purpose of a CDCU is to concentrate the members' financial assets upon developing the community in which the members live. Thus, CDCU's deliver a lot of their financial support to co-ops, small businesses, and residents in a given community. CDCU's loan money to co-ops and it IS a co-op -- what could be better than that! Democratically deciding how your money is used to support your democratically-controlled Sustainable Economy -- WOW! Here's an opportunity. There is currently NO CDCU in the Boston metro area! What an opportunity to start one, which focuses on helping the current community in the Boston area to grow! There are only a few CDCU's in area towns, Fall Fiver & Fitchburg -- a great opportunity to reach-out for assistance from other communities to develop area co-ops. CDCU's are often affiliated with churches -- what an opportunity to outreach to the religious community with co-ops as your common bond. A Boston-area CFCU/CDFI could be a powerful tool to build the co-op and socially-responsible small business communities all over New England. So, why don't we create one!
	== Regarding government/collateralized loans ==		== Regarding government/collateralized loans ==
	These are for loans that are supposed to be "small". But they think in		These are for loans that are supposed to be "small". But they think in

Patty Shepard at 19:04, 6 November 2012

2012-11-06T19:04:18Z

← Older revision		Revision as of 15:04, 6 November 2012
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	== Questions ==		== Questions ==
	* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. ~~And~~ I hear the time trade circle has been incorporated.		# I have heard micro-credit loans have been dis-proven. Is that true ?
			# I also hear Mondragon is actually a corporation now, not a cooperative.
			# I hear the time trade circle has been incorporated.
	== Regarding government/collateralized loans ==		== Regarding government/collateralized loans ==
	These are for loans that are supposed to be "small". But they think in		These are for loans that are supposed to be "small". But they think in

Patty Shepard at 19:02, 6 November 2012

2012-11-06T19:02:36Z

← Older revision		Revision as of 15:02, 6 November 2012
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			== Questions ==
	* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade circle has been incorporated.		* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade circle has been incorporated.
	== Regarding government/collateralized loans ==		== Regarding government/collateralized loans ==

Patty Shepard at 19:01, 6 November 2012

2012-11-06T19:01:20Z

← Older revision		Revision as of 15:01, 6 November 2012
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	* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade circle has been incorporated.		* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade circle has been incorporated.
			== Regarding government/collateralized loans ==
			These are for loans that are supposed to be "small". But they think in
			terms of small as "how many tens of thousands". I already emailed
			ACCION to find out if they require any collateral for the loans. I also
			put in a call to the Dorchester Bay people to suss that situation out. <br />


			This is for the stream of government funds. I also put in emails to
			Grameen and a bunch of private foundations to see if they have any
			micro-loans on "our scale". Sadly, the early feedback is they all
			need/want a personal guarantee of some kind.<br />


			On a positive note, I got another call from an Occupier who is starting
			a collective cafe operation using a commercial kitchen of an existing
			restaurant that is "dark" for most of the day. So that'll require only
			tiny startup capital ("pico" loans?) til they want to split off and be
			independent. And it looks like there's another non-profit that wants to
			let people work "under" them to start enterprises. That part is
			exciting. Spread the term "pico-loans" (of hundreds of dollars)...as
			opposed to relatively huge micro loans (of tens of thousands)...<br />

Patty Shepard: Created page with "* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade cir..."

2012-10-31T23:20:25Z

Created page with "* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade cir..."

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* I have heard micro-credit loans have been dis-proven. Is that true ? I also hear Mondragon is actually a corporation now, not a cooperative. And I hear the time trade circle has been incorporated.