We did it! We have exceeded our goal. Member-owners have come out in force and we have raised $411,200 in Member Loans. We continue to accept Member Loans because this capital is the leverage that will propel our project forward with the financing to start a fantastic co-op grocery. Call Mary at 347-4463 to be a part of this effort to build a better community.
UPDATE: Friday, March 2, 2012 at 3:54 pm.
We now have $411,200 in loans and pledges.
Number of Lenders – 94 Average Loan Size – $4,350
Loan of $50,000 = 1 = $50,000
Loan of $25,000 = 1 = $25,000
Loan of $15,000 = 1 = $15,000
Loan of $14,000 = 1 = $14,000
Loans of $10,000 = 9 = $90,000
Loans of $5,000 = 21 = $105,000
Loans of $4,000 = 3 = $12,000
Loans of $3,500 = 2 = $7,000
Loans of $3,000 =3= $9,000
Loans of $2,500 =12 = $30,000
Loans of $2,000 = 10 = $20,000
Loans of $1,500 = 1 = $1,500
Loans of $1,200 = 1 = $1,200
Loans of $1,000 = 32 = $32,000
TOTAL Pledges = $411,200
Total Member Loan funds accumulated in savings = $390,700
The names of all Member/Lenders are kept strictly confidential by our Board of Directors.
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