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Description
Email list validated May, 2020
Mother company
Non-extractive finance …
We put funds in the hands of working people without forcing them to put collateral or overwhelm them with the burden of a debt that may threaten their well-being. In this way, workers are free to focus on the stability and growth of their business .
WE DO NOT REQUIRE WARRANTY
We do not ask for material or monetary guarantee to assign a loan. In return, we ask for information and constant communication with the group, as well as transparency.
10% INTEREST ON DECREASING BALANCE
Our interest rate is only that necessary to maintain the purchasing power of the fund. We make sure that wealth stays in the community.
WE ONLY RECOVER BASED ON GENERATED PROFITS
If the loan does not generate profits, the business strategy is modified. As a last resort, the loan is liquidated with the assets acquired from the loan; never demanding resources that can impoverish partners.
MissionFondo solidario revolvente que otorga créditos justos a cooperativas de trabajadores y grupos solidarios que comparten dramáticamente el desarrollo de su empresa.
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