While interest in worker co-ops has spiked in recent years, access to capital remains a key barrier to growth in the sector. In a recent article published by Next City, Oscar Perry Abello writes that Shared Capital Cooperative—with its 40 years of experience—represents a proven model for funding cooperative development.
“As a cooperative itself, things run a little differently at Shared Capital Cooperative. Only member cooperatives may borrow from Shared Capital, and the borrowers are also the investors. Since 1979, Shared Capital has made more than 850 loans totaling $50 million to cooperatives in 30 states. In 2018, the cooperative made 17 new loans totaling $2.1 million.”
Read more from Next City: https://nextcity.org/daily/entry/the-co-op-with-forty-years-of-making-loans-to-co-ops