I own a coffee shop…. well kind of…
Last year, the owner of my favourite local coffee shop decided she wanted to start to roast her own beans. But as a small business owner in an era where banks are warty of investing in small business, financing was an issue. She decided to to try a local micro-financing project. She invited her patrons to invest in the roaster – you could invest a blocks of $500, $1,000 or $2,000.
I have had some experience with micro-financing. Like many, I have participated in Kiva for years, where you lend small amounts of money to entrepreneurs in developing countries. For 25$ a loan, you can help small business owners in poorer countries finance anything form a fruit stand, a taxi service to a electrical repair shop. It makes great sense, as the financing system for the little guy is virtually non-existent in many of these countries.
But in a developed country, I just had never thought of it. The woman who owns the coffee shop is obviously a more creative person that I am. She raised $75,000 though the micro-financing push – enough to convince the banks to contribute the rest for her roaster project.
So today, I am sitting in my local coffee shop enjoying my first ‘dividend’. My $2,000 investment has started to pay off and, last night, I received a $220 credit on my coffee card.
I kind of feel like I own the place!
PS. for my more regular readers, I will likely be back to sex and relationship stuff tomorrow. I sometimes like to shake it up a bit don’t like to appear to be a one trick pony.