Taharka Brothers In Next City Article

Taharka Brothers In Next City Article

Taharka Brothers was the first business to receive a loan from BRED back in 2016. It is so wonderful to see them welcome the first round of worker owners. Converting a traditional business to a worker owned cooperative is so empowering. It benefits not only the workers but also the community. In the latest article about their conversion, Taharka Brothers talks with Next City about their experience with BRED.

“We only have loans through BRED. Part of that is the comfortability we have with them and who they are, them being the first company to give us a solid loan,” says McCoy. “The process has been quite educational, being a part of tracking the payments and having to really get a return to make those payments. BRED also helped with budgeting. The loan process just opened up a whole door to financial education for everyone here.”

To read the full article follow this link https://nextcity.org/daily/entry/baltimore-is-democratizing-the-economy-one-pint-at-a-time

$1 Million for Obran Rising

$1 Million for Obran Rising

After Obran Cooperative acquired Appalachian Field Services, AFS received a $1M investment from Seed Commons. Now their newest project, Obran Rising, has also received a $1M investment from Seed Commons. Obran Rising operates from the belief “that housing should be a human right” for everyone.

Joseph Cureton explains that “members have deepened their collective effort in the housing market to turn an extractive business model into an opportunity for collective wealth”. Therefore, all of the members of Obran Cooperative share control of the units as well as equity. Through Seed Commons’ investment, Obran Rising will be able to double their member-focused housing this year to ten units.

Congratulations on all your accomplishments Obran Cooperative! We love seeing your growth.

If you would like to learn more or to support any of the projects listed above click the links below
seedcommons.org
https://obran.org/obran-rising
obran.org
appalachianfieldservices.com