Formerly unemployed, these workers
shattered the myths
of the global economic system and outperformed
their former
bosses.
They and their colleagues
have become owners, and they've proven the
world can work
better.
The Working World: La Base Is Helping Them Do It
Development through democracy:
The next evolution in microcredit
La Base is extending the tools of
microlending to groups of worker-owners,
allowing us to
assault the sweatshop
economy in a way
never before
possible.
With small amounts of credit, La Base is helping other workers like these
show that a better world is already
possible.
Featured Loan
Project with La toma Loan for the purchase of a piece of machinery, called a compressor, which will improve the fixed working capital owned by the cooperative. The possibility to buy this particular machine has arisen suddenly, and the combination of low price and good quality leads La toma to believe they should take advantage while they have the chance.
August 2nd, 2010: Lending helping hands: New funding sources in Buenos Aires and New York
In the last couple weeks we initiated relationships with two organizations that have committed to help build our projects. First, the group Unión Solidaria de Trabajadores (or UST) made a $15,000, zero-interest loan to our Argentina fund to facilitate more productive projects with viable worker-run businesses. Second, we received an $8,800 "seed money" grant from the Sparkplug Foundation to begin supporting job creating cooperative efforts in the New York area.
We're grateful for the support of UST and Sparkplug, and hope that each of these relationships bears the fruits we're expecting, to be measured in jobs created and cooperative businesses supported, both in Buenos Aires and soon in New York.
Snapshot
