VAWC Members are supporting themselves and building the co-operative economy through the VAWC Interco-operative Development Fund. Modeled after Italian co-operatives who wrote a regulation that all co-ops must contribute 3% of surplus to co-op development, VAWC Member Co-ops are using times of surplus to support times of need and opportunity.
The VAWC Interco-operative Development Fund is making impact regionally and nationally:
• VAWC’s Fund has over $35,000 invested in two co-op loan funds: Shared Capital Cooperative and the Cooperative Fund of New England, impacting over eighty loans last year
• Revenue from the Fund was used for educational scholarships and conference attendance
• We have had four direct loans to members to fill need, including Collective Copies and Flat Iron Coffeehouse
To find out more about the VAWC Fund, contact us.
