The first month of the Community Wealth Building Cohort is in the bag. Our 2021 Community Wealth Building Microfinancing Cooperative collectively financially pooled together & redistributed some capital for a Black-Owned Business! The July recipient is TeaMe Cafe’. TeaMe Cafe is a place for tea connoisseurs to come, sit, work, lounge, and enjoy a warm cup of their favorite beverage. A variety of teas are available in loose-leaf and minced.
Founder and Tea Specialist, Jerri Brown is on mission to share the, "TeaMe Experience - Enjoy. Indulge. Enrich." TeaMe Cafe’ is currently looking for a retail location. The $3,500 of capital will go toward her budget for securing a retail space.
If you are a tea lover, we recommend checking out the TeaMe Cafe Merch Shop. You can follow TeaMe Cafe on Instagram for some tea tips here.
About the Community Wealth Building Cohort
Our Microfinancing Cooperative is, Powered by Us! We selected 10 businesses to receive small business technical support & exchange financial resources and services that are mutually beneficial to growing their brand.
Our Microfinancing Cooperative is inspired by the traditional African centered centuries-old system of savings. Each business will contribute $250.00 a month for the next 10 months. This will allow one business each month to access $3500.00. $2500.00 collectively pooled from cohort members & additional funds of $1000.00 contributed each month from support from Three Seed Collective and Partnership for Southern Equity.
We “modernize” the traditional process by partnering with a Black-Owned tech platform that has created an app that will serve as the financial tool to improve credit scores. The monthly $250 payouts to the Microfinancing Cooperative will be reported to all 3 financial credit institutions via the app.
Keep connecting our community, culture & legacy by supporting these social impact brands. They're empowering the community, leaving a legacy, and investing in their brand. Stay tuned by following us on social media. We will have monthly 2021 Community Wealth Building Cohort Updates on plans and how the $3500 deposit has impacted their business.