Who does Carrot Cache fund?
Carrot Cache invests in people who are working either in worker co-operatives or who are working for an organization promoting organic agriculture and/or community food strategies. Carrot Cache funds groups across Canada and has supported Canadians who are working internationally.

Carrot Cache tends to fund small projects in their beginning stages.
The investment can take the form of a loan, purchase of Class A non voting preferred shares, or simply of a grant. The amount varies from $500 to occasionally $10,000. Loan amounts are negotiable and must be secured by guarantees and/or promissory notes.

What are the expectations?
For worker co-operatives Carrot Cache is interested in how the investment will help create and maintain secure and well paying jobs.

For projects focused on organic agriculture or community food projects Carrot Cache
looks for leaders who have the energy, knowledge and passion to carry out a particular idea. We tend to focus on practical projects that are up and running rather than supporting people while they are in the thinking stages of a project. Carrot Cache prides itself on being flexible and open to new ideas.





 

 

What Carrot Cache has found to be key elements of success?
• Excellence in service or product
• Perseverance and attention to detail
• Strongly committed key people
• Strong community support
• Attention paid to the finances
• Multiple sources of investment and    income
• Ability to analyze problems and change direction if necessary


Where does the money for Carrot Cache come from?
Fifty percent of the profits of Carrot Common go into Carrot Cache each year. Carrot Common at 348 Danforth in Toronto is a retail mall which has 15 stores around a central courtyard. The second floor offices are rented to health-centred practitioners.

What are the reporting requirements?
Carrot Cache works out a reporting agreement for each project. Using pictures and stories Carrot Cache would like to promote some of the projects on our website. Carrot Cache hopes to trace and document the successes and failures of our funding decisions so that we can use the money wisely.

How to apply to Carrot Cache?
The Carrot Cache Community Resouce Board meets approximately four times a year to discuss the applications. Submissions are due approximately three weeks in advance.
(If you are asking for Class A investment or a loan a business plan is required in addition to the application.)

For information on meeting dates and to discuss your idea to see if your proposal is eligible for funding please email Mary Lou Morgan at marylou.morgan@primus.ca.


 

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