We are thrilled by all the support we’re receiving for Together We Grow Phase II, the Co-op’s member loan campaign to raise $400,000 in loans from our member-owners.
With our incredible growth in membership — approaching 10,000 households — Weavers Way must increase its capacity to serve our communities. We’re looking to build up cash reserves and pay down commercial debt. Loans to the Co-op are a great way to support our cooperative business, with its positive impact on our local economy.
We prefer to pay interest to our own members: Member loans earn 4% for 6 years for a minimum loan of $1,000. The interest is simple, not compounded, and paid at the end of the loan period. Lenders must be Pennsylvania residents. There is no maximum loan amount.
The deadline to participate in Together We Grow Phase II is June 21. For more information, to ask questions or to get an application, contact us at firstname.lastname@example.org.