NextGEN’s Post

What a way to end a year of Abundance! The Village Launch Catalytic Fund at Abundance Capital, managed by Mill Village Ministries, disbursed two working capital loans totaling $130,000. The VL team, in consultation with its board of advisors set patient, risk tolerant terms designed to provide supportive capital to businesses that are established and have room to grow, with the right kind of friends and family money. These loans have a fixed interest rate of 5%, with 2% available to be returned upon repayment. The terms are patient, repayments can be deferred and there is a community pledge associated with it - because, as well all know, it takes all of us to support businesses that are generating wealth and health, particularly for communities that have been historically disenfranchised. We are profoundly grateful to a host of Abundance Angels who came together with Mill Village Ministries and Village Launch to create this catalytic fund at Abundance. We are especially grateful to these entrepreneurs for taking the chance to build next generation, high impact businesses that meet their customers' needs and operate in community. We look forward to seeing the good that the extraordinary LaShonn Edmunds and Taquasia Holmes create. Pictured left: LaShonn Edmunds is the CEO and Founder of CAIRS Shoes. On the right: Taquasia Holmes (center) is the Senior Paralegal and Owner, of TMH Para Support Services. Also pictured with Taquasia Holmes: Angie Anderson-Moton, Program Director at Village Launch and Melissa Williams Program Coordinator, Village Launch. Margaret Gifford, Chief Investment Officer at Abundance, is pictured with LaShonn Edmunds. Mill Village Ministries