Greenhorns- this is a model to watch! Coop 57 gathers organizations from different fields with the aim of promoting a financial model based on ethics, solidarity and self-management that represent an alternative to traditional banking. Coop 57 offers loans and subsidies for the co-operative partners to be able to develop feasible projects that rest on sustainable development, labor rights and service to society. The partners decide which projects will contribute to a new model of “market”. One built upon social networks that allow people to have direct control of what is done with their savings. The difference between “micro-lending” and Coop 57 is that Coop 57 loans incur “social” interest rather than monetary.
Since January 2005, loans worth more than 10 million euros have been granted to projects in the social Catalan (Spain) economy directly tied to the promotion of cooperativism, employment, ecological sustainability, culture and education.. These monies have funded specialized schools, publishers, child care centers, social centers, bicycle repair projects, guerilla theater and street education.
To read more of this interview between Amy Franceschini of Futurefarmers and Javier Perez of Esosecha organic farm, CLICK HERE!