Just over halfway through its campaign (on October 19) the Kootenay Co-op’s member loan campaign hit the $1 million mark.
“We couldn’t be more heartened by the response from our members,” beamed board director and member loans committee chair Susan Morrison.
“This campaign has been about so much more than the money… hitting the $1 million mark is also about the excitement, trust and goodwill that’s behind every dollar loaned.”
Though the process of making a member loan takes only a matter of minutes, Morrison says many people are staying longer to talk about the Co-op.
“Our member loans team keeps telling me how meaningful they are finding the experience of closing these loans. Members are sharing their favourite stories about the Co-op; some going all the way back to its roots as a buying club in South Slocan. They are all proud of the Co-op they own… and how it’s contributed to a healthy community and local economy.”
There is no typical member making a loan, said member loans coordinator Marya Skrypiczajko.
“The campaign is a reflection of the diversity of the whole membership. We are receiving support from founding members, local farmers, members who have childhood memories of shopping at the Co-op, new members who have just signed up this year and everyone in between.
“What they have in common is that they are all excited about helping to build a friendly, healthy, community‐owned food store.”
The Kootenay Co-op launched its member loans program on October 1 with a goal of raising $1.5 million to equip the new store, which they expect will open in early summer of 2015.
Does the $1.5 million goal seem attainable in the time remaining?
“This campaign affirms that we have a truly amazing community of members who are genuinely enthusiastic about loaning their money to the Co-op,” said Morrison.
“I believe we can get to $1.5 million. And, to the best of our knowledge, this will set a record for funds raised by a Canadian food co-op!”
“One important message we want to convey at this time is that the clock is ticking!”says Skrypiczajko.
“The program closes on October 31, so members who are interested in participating should definitely contact us as soon as possible.” All members of the Kootenay Co-op are eligible to make a loan to the Co-op, and other community members excited about the opportunity to invest locally can join the Co-op and be a part of this program immediately.
For more information, call the member loans desk at (250) 354-4077, ext. 555, pick up a pamphlet at the Co-op’s customer service desk or visit www.kootenay.coop/publications/memberloanspamphletfinalweb.pdf.