Talk:RESOURCES: Difference between revisions
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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 /> | |||
Revision as of 15:01, 6 November 2012
- 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.
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.
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)...