From Diane Berard / Future of Good: Novia Scotia, Canada, created community economic development investment funds with a 35% tax credit to investors to help small businesses that need capital but don’t qualify for bank loans. The cooperative FarmWorks brings together investors and farmers using this funding method to provide loans that will directly support the local food network.
Click here to read the original story.
Find other articles covering creative finance solutions.
From Katherine Latham / Reasons to Be Cheerful: In the United Kingdom, the supermarket Iceland Foods gives out interest-free microloans on pre-loaded cards during school holidays for families to spread out their grocery bills over time when finances are most...
From Sunil Jain / The Financial Express: SEWA-INBI pilots a basic universal income program for two villages in Madhya Pradesh. These funds enabled residents to pay for facilities and electricity in their homes, buy better cooking fuel, increase the weight...
From Nadia Lobti / The New Times: Twice a month the city of Kigali has a “Car Free Day,” a program that reduces air and noise pollution while simultaneously encouraging residents to be more active via walking, biking, and other...
From Kelsey Piper / Vox: Mobile banking in Kenya has increased economic mobility for families living in poverty. The mobile money system is not connected to bank accounts, making it accessible to the overwhelming majority of Kenyans who don’t have...
Jonathon Freeman is a founding member of the Native Roots Network, an Indigenous community development organization that, most notably, has curated and organized Our Story: Native Art Exhibitions, advocated for Indigenous cultural revitalization, the protection of Indigenous lands and sacred...
From Nate Berg / ENSIA: North Carolina’s Roanoke Electric Cooperative is helping members bring down energy costs. Because the energy costs in this area is due to a lack of energy efficiency, the cooperative offers tariffed on-billing to help homes...
We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies. For more details, please see our Privacy Policy.