June 9, 2020
Dear friends,
As we stand in solidarity with cooperators and community members rallying for an end to anti-Black violence, we remember that many origins of cooperative networks in the United States are rooted in Black economic solidarity and mutual aid. From the Peoples’ Grocery in 19th century Memphis to the Black Panther Party’s free breakfasts and medical clinics, African Americans have responded to systemic racism, exclusion, and extraction of resources with innovation, generosity, and wisdom. CFNE is committed to putting our experience and resources at the service of economic self-determination for African Americans, indigenous communities, and people of color -- including by shifting more of our investments to Black-owned financial institutions, building capacity among co-op developers of color, providing seed money to under-collateralized co-ops led by people of color through Co-op Launch Loans, and continuing to make loans without looking at borrowers’ personal assets or credit.
Free Financial Education /
Educación Financiera Gratuita
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