The Monadnock Community Market (MCM) Co-op officially launched its Member Loan Campaign on April 15, 2011. The goal of the Member Loan Campaign is to raise $800,000 from member-owners through interest-bearing loans. Funds raised in this campaign will position the MCM Co-op to secure grant funding to pay for equipment and ensure that it will open its 12,000 square foot store on Railroad Square fully stocked, staffed, and ready to serve the community in 2012.
“For me, investing in the Monadnock Community Market Co-op is a no-brainer,” said Judy Rogers, owner of Prime Roast Coffee Shop and MCM Co-op Member-Owner & Investor. “As a downtown Keene business owner, I know the character of our community is reflected by the businesses that thrive here, and the MCM Co-op will add to the vitality of our central business district. I am a strong supporter of building community, and of working together to bring our local Co-op to life.”
Co-ops throughout the United States have long used member loans as a way to generate start-up capital. Last year, the Brattleboro Food Co-op in Vermont raised over $1 million in member loans for its new facility. For more information about the MCM Co-op Member Loan Campaign, visit: www.monadnockcommunitymarket.com/memberloan or contact Jane Shapiro, Member Loan Coordinator at: 603-355-8008; Jane.email@example.com.