CFNECooperative Fund of New England (Amherst, MA)
CFNECultural Foundation Native Expressions (est. 1999; Ontario, Canada)
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CFNE has experienced a remarkably high borrower repayment rate of over 99 percent, due in part to the broad community involvement required to successfully launch a cooperative.
In addition to financing cooperatives, CFNE facilitates the provision of technical assistance and partners with numerous technical assistance providers, including the CDS Consulting Co-op (which serves food co-ops) and the ICA Group and Democracy at Work Institute (which serves worker co-ops).
We're proud to commit to this very important worker-cooperative conversion, which preserves local ownership of these businesses and retains 65 essential jobs in the communities," says Gloria LaBrecque, Northeast loan and outreach officer with CFNE.