The Creston & District Community Investment Co-op is a new community investment tool that aims to direct new, or pre-existing, investment capital from local residents into local ventures with community impact. The longer a dollar can circulate within Creston & District, the greater its economic impact. The Investment Co-op is a for-profit cooperative corporation owned and governed by local residents and serves the geographic region of communities between Yahk to Riondel.
What we do:
- Step 1: Members of the Investment Co-op pool their money together to create a revolving loan fund.
- Step 2: Local ventures who demonstrate an ability for community impact and sustainable operations apply to the Investment Co-op for financing.
- Step 3: The Investment Co-op assists eligible ventures with business development supports, and if necessary advocates to other local lenders to collaboratively finance these businesses.
- Step 4: The Investment Co-op works closely with loan recipients to provide them with mentorship, promotion, and referrals to other ongoing business development services.
The mission of the Investment Co-op is twofold: to provide residents with a mechanism to invest directly into local businesses and projects and to assist these ventures to attain their fiscal goals
Box 548 – 119 11th Ave N, Creston BC V0B 1G0