Support this fund! Our fundraising campaign is live until November 15, 2013:http://www.indiegogo.com/pr...
The Arroyo S.E.C.O. Community Revolving Loan Fund was created to offer opportunities for local growth, community enrichment and personal empowerment to Time Bank entrepreneurs (for more information on Time Banking, visit www.asntb.com).
Our loan fund offers low interest, community supported micro-loans to entrepreneurs who create for the love of creating, who believe in quality over quantity and who believe deeply in a responsibility to community.
Studies show that locally owned businesses in any community have a greater positive impact on the local economy than national chains and large corporations, because they create more jobs for locals, encourage residents to buy more locally, ease community tension and distress from limited access to goods and services, and they give more to local charities.
But most small business owners, especially those in high density urban areas of economic distress, cannot qualify for loans from major banking institutions because their businesses do not meet the lending requirements or priorities for big banks (typically $100,000 or more).
The businesses our loan fund supports share some important values that are sadly much too rare in today's mainstream economy: interdependence, reciprocity, respect and improving quality of life for all.
In the sharing economy there's room for us all to succeed, to learn how to thrive together by working together and to empower ourselves enough that we can lend a helping hand!
At its core, the Arroyo S.E.C.O. Community Revolving Loan Fund is aligned with the basic function of Time Banking: meeting unmet community needs with untapped resources. By supporting local small business, cottage industry and worker-owned businesses, our loan fund honors our essential interdependence and nurtures human-scale economics in our communities.
The New Economy Revolution is happening and we hope you'll help support us!