How does it work? If I send 232486 sats âš¡ with lightning ($100), it will go to a loan to community, and I get some return back? Is it in lightning âš¡ too? How often ?
Today (at my fiat job) we're raising $1.39MM in community financing to help a company in Bristol Bay, AK called Circle Seafoods build a mobile salmon processing barge.
The barge will be out-fitted with flash-freezers, storage, and ice production to help fishers out on the water sell their catch at peak quality (fresh from the sea) and for a premium.
We launched two hours ago and have raised over $905k!!
This community lending model is a great way for communities and businesses that need access to capital to bypass big banks. Community lenders earn the return as opposed to giant financial institutions.
Check it out #nostriches. This is community supporting community to build resilient and free (as in speech) food systems.
https://gosteward.com/projects/circle-seafoods/mobile-salmon-processing-barge
If any of you jump into the campaign (loans can start at $100 USD), please ping me here and let me know.
#regenerativeagriculture #foodfreedom #fishing #food #farming #fiatfood #grownostr #freedom #community
Discussion
The community lending platform doesn't yet integrate with BTC or Lightning.
But generally, folks create accounts on our platform, make a loan to a project, and then earn monthly interest. Once the term for the loan is over, the full loan amount is repaid to the lender.
Just read the FAQ. Interesting! Would join when BTC is integrated and open outside US. Good luck with the projects 🆒