by Maine Course
Posted on February 23, 2017 at 8:32 AM
The Maine Harvest Credit Project plans to fill this financing gap by establishing the Maine Harvest Credit Union.
Inspired by credit unions focused on reducing economic inequality, such as the Self-Help Credit Union, Maine Harvest looks to use its vast agricultural expertise to support budding food-producing enterprises with capital access. It will begin by offering equipment or business loans from $20 to $125 thousand, and land-backed mortgages up to $400 thousand.
An excerpt from “Harvesting Capital for Maine’s Food Economy” by John Meyers at RSF Social Finance. Check out the full article here.
Interested in learning more about check out the Maine Harvest Credit Project’s website
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