Community Financing for Rhizome
We are exploring the idea of COMMUNITY FINANCING as opposed to a traditional bank loan to finance the purchase of a "forever home" for Rhizome.

Community financing just means getting lots of small loans from community members as opposed to a single large loan from a bank.

"Community financing is an alternative way to purchase land and buildings without the use of banking institutions. It’s a financing system based on community participation, trust, and accountability. The Community Financing model has been used informally for generations, and in more recent years cooperatives and community organizations have begun to formalize the practice and make it legally viable for all participants." --https://www.landincommon.org/community-financing/

Here is a fact sheet on how Rhizome's community financing process would work.

The purpose of this survey is to gauge the viability of implementing this approach quickly.

Adres e-mail *

Are you interested in offering a 10-year or 15-year loan of at least $2,500 to Rhizome at 0-5% APR (your choice anywhere in that range) to help us finance the purchase of a "forever home"?

Odznacz
If yes, approximately how much? (We would be looking for loans of at least $2,500.)

If yes, are you able to commit to doing so within the next 60 days?

Odznacz
Are you interested in donating money to Rhizome in the next 60 days in order to enable the purchase of a "forever" home?
Odznacz
If yes, you can go ahead and do so!  https://givebutter.com/rhizomedc
Odznacz
Do you know of others who might not be on our email list who might be interested in donating or loaning us money in the near future, to whom you'd be willing to forward a "pitch"?
Odznacz
Do you have specific questions or concerns or other thoughts you'd like to share with us?
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