Launched in 2017, SOIL (Slow Opportunities to Invest Locally) NC is a revolving loan fund that collects charitable contributions to make 0% loans to small food enterprises throughout North Carolina.
Over time as loans are repaid and new loans are made – SOIL NC will become a significant and powerful resource to strengthen the local food system in North Carolina.
It is already happening…
On July 10, 2017, the SOIL NC Fund was pleased to announce the first four loans (3 for $5000, and 1 for $6000) to these deserving small food business owners!
• Carly Erickson, owner/creator of Boro Beverages – a Kombucha business in Durham, NC
• Hadassah Patterson, owner/creator of Triangle Gluten Free – a gluten-free catering business in Chapel Hill, NC
• Amanda Carter, owner/operator of Cool Hand Meats, a clean meat processing plant in Marion, NC
• Greg Lewis, owner/operator of 39 West Catering – a farm-to-table catering business in Pittsboro, NC
How can you contribute to the SOIL NC Fund?
At this time we can only take checks – made out to SOIL NC. Please mail your check to Slow Money NC c/o Carol Hewitt, 424 Johnny Burke Rd., Pittsboro, NC 27312
Thank you for your patience – We will soon have a way for you to do this online, but until we work all that our – please know that your donation is deeply appreciated.
If you would like to speak to a member of the Slow Money team about SOIL NC, please email Carol Hewitt.
The back story…
Since June, 2010 nearly $4 million has been invested in over 100 local and organic food enterprises in North Carolina through the Slow Money NC network, primarily via direct peer-to-peer low-interest loans and equity investments!
This is just a portion of the national Slow Money movement’s projects totaling over $50M. And it’s an excellent start.
But hey, we said to ourselves…maybe we could do so much more!
Enter SOIL NC “Slow Opportunities for Investing Locally in North Carolina.”
In 2017, in order to have even more impact and to help more farmers and local food enterprises – we created SOIL NC.
Many people had asked – can’t I just GIVE you the money and you make the loans? Now – we can do just that.
Our hope is that in the Fall/Winter of 2017/2018 we can raise at least 50k and give out another round of loans. And in Spring/Summer of 2018 we crank that up to 100K. And then to 150k…
There is a steady stream of projects to fund, and so many eaters to feed – so why not?
Carly Erickson, Owner Extraordinaire of Boro Beverage!