Kiva Lending Team: Team Sanford/Lee County, Nc
We loan because...
Perhaps the book "Locavesting" says it best:
Small businesses are the backbone of the American economy, generating eighty percent of jobs and half of GDP. They also create the foundation for healthy, diverse neighborhoods and strong local economies.
So why are we starving these vital enterprises?
The truth is, our financial and political system is stacked against small business. The stock market has become a vast, electronic casino that has abandoned any pretense of allocating capital to productive use. And community banks—a mainstay of small business funding—are an endangered species in a Too Big to Fail world.
Main Streets and downtowns everywhere are slowly dying.
But don't write them off just yet. In dozens of towns and cities across the country, an extraordinary experiment in citizen finance is underway...residents are banding together to save their small businesses and Main Streets from extinction. And they are reaping rich rewards in the process. These citizens are at the vanguard of a grassroots revolution that journalist Amy Cortese calls "locavesting."
This team would like to start the locavesting trend in Sanford and Lee County, NC.
Sanford/Lee County, NC is a small town at the heart of North Carolina. It began as a railroad town, yet the railroad no longer stops there.
Through the years, people have been attracted to Sanford to mine its coal, iron, gold, brownstone and now they are interested in fracking. However, when the veins end, the interest in Sanford ends for these groups that harvest our resources.
Sanford is the geographic center of North Carolina. It has beautiful parks and is perfect for outdoor activities. It is a very creative town that has reinvented itself many times. It is now on the cusp of great things or shriveling. We'd like for Sanford/Lee County to grow responsibly.
Through Kiva, we hope to encourage local businesses and attract other businesses to locate in the area.
Location: Lee County, NC
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