POCA Micro-Loans Are Here!


One of the strong influences contributing to POCA's development is Professor Mohammad Yunus of the Grameen Bank in Bangladesh, recipient of the Nobel Peace Prize in 2006. Professor Yunus is credited with the development of the concepts of microfinance and microcredit, which allow people who are too poor to receive conventional loans to start and expand small businesses (sound like anyone you know?)

Did you know that co-ops can loan money to their members at whatever interest rate they choose? Thanks to a donor who believes in POCA’s mission, we have funding for a few loans. It took us almost a year to put together, but volunteers in the POCA Finance Circle are SOO excited to announce we are ready to lend money to POCA members in the following categories (link is to the loan application):

Underserved Area Clinic Startups– If you have a hankering to open a clinic and just can’t figure out how to put the money together, this is the loan for you. Up to $7500 available.

Employee Ho!– You are a POCA punk and you have your eye on that juicy employment opportunity at a POCA clinic but you just don’t have the funds for a move?  We’ve got you covered! $1000-3000 available.

BDC Expansion– Your clinic is on the verge of becoming tungsten but you need a few $$$ to tear down a wall and buy a couple more chairs – we’re on your side! Up to $5000 available.

Second Time Plus– If your patients are bugging you to open another clinic in another part of town, this may be a big help to you.  Up to $7500 available.

Pretty nice, don’t you think? If you need a low interest loan that fits into one of these four categories, fill out the appropriate application and send it to finance@pocacoop.com. Extra consideration is given to members who are working with a Clinic Success Mentor. POCA’s Finance Circle will review all applications and make recommendations to the General Circle. The General Circle will have the final say in approving the loans.

Remember, these are loans, not grants, and the sooner the money is repaid, the sooner it can go back out and do more good POCA work! So just ask for what you need, and repay as soon as possible. Then on the heels of your success, consider becoming a donor in POCA’s Microloan program.

POCA’s micro-loan program is just one of many ways that POCA and POCA volunteers are working to make affordable acupuncture more accessible. Let’s put this money to good use and reach more patients and create more jobs!

(This post is copied in the Fishbowl Forum with permanent links to loan documents.)

POCA Finance Circle:

Steve Kingsbury, Sarah Lefkowich, MM Dobson, Molly Fread, and Craig Labadie

Author: MMDobson

POCA Membership Coordinator and retired punk from Summerville Community Acupuncture, now living in St Petersburg, FL I have 4 Miniature Pinschers, a John Deere tractor, and a big family that lives throughout the South. Life is good.

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  1. Thank you to all of the people that made this happen!

    I would like to add $25 to the micro-loan account. Can I do this via Paypal? If not, then where should I send the check? This money has been sitting in a Kiva account for years. I give money to someone to buy a cow in Kyrgyzstan and 6 months later the money is paid back. And I learn how to spell Kyrgyzstan.

    Somehow it just doesn’t make my heart swell the way this does.

  2. I was totally excited for this when I thought it was for helping get new clinics open, but it can help me with a wall that I think I really need??? This is fantastic! Thank so much for all your hard work, Finance Circle!!!!!

  3. This is fantastic! So exciting. Once again, POCA is doing what no one else ing the acu-world even thinks of doing!

    Thank you to all of you who put in countless hours to make this happen.

  4. You guys are really doing it! I am so proud to be able to call myself a member of this organization. What an amazing group of people. Way to go everyone involved.

  5. When I first read this, then read through the application, and then let it settle in me…I actually had tears of pure happiness, absolutely phenomenal! Thank you guys! Like estermarie said–“heart-swelling” for sure.

  6. Thanks Presence. I am looking through the application for the micro loan in an underserved area, and it seems meant for someone who already has a clinic up and running, which confuses me, as I thought the point was to help start clinics in underserved areas. Do I need to open a clinic before applying? Thanks.

  7. I don’t know, but i think your best bet would be to post your question on the forum link i posted above. I think it is harder to track comments on the blog (the OP is more than 2 year sold) where the Clinic Success sub-forum is easier for people to manage.