Tenacity Works Fund

Impact Areas:

Conventional worker co-ops, worker-shareholder co-ops and multi-stakeholder co-ops

Abbreviation:

n/a

Website:

Funding Amount:

Geographic Area:

National

Summary:

Owned and operated by the Canadian Worker Co-op Federation (CWCF), the fund invests in worker, multi-stakeholder and shareholder co-ops in order to create new and to expand existing worker-owned co-operatives in all regions of National. It allows worker co-operatives to leverage a Tenacity Works loan to obtain additional financing from traditional banking institutions.

Program Objective:

Conventional worker co-ops, worker-shareholder co-ops and multi-stakeholder co-ops, market-driven enterprises

Investment Type:

Term loans

Key Features:

* Must incorporate their business and become a CWCF member as criteria for application * 5 year term with fixed rate interest; interest rate is prime +2% with 8% minimum interest rate

Client Group:

Groups