- This is an experiment.
- Money paid by members, that is kept in the Coop Fund bank account. Money paid out to members who make proposals for funds that they need.
- Transparency about how decisions are made and how things are done.
Loomio - The online decision-making platform.
member - Individuals or organizations who voluntarily accept the terms of membership, subscribe to Coop Fund, and who can apply for funds.
member contributions - The money members pay into Coop Fund.
needs - Something that is required. In the case of Coop Fund members are asked to think about what they need, and if Coop Fund could be a structure that supports part of those needs.
openness - Willingness to listen and revise.
platform - A space for individuals to conduct collaborative work.
proposal - Members make Proposals that are requests for funding. A Proposal can be for funds that will help with individual needs and or to further mutuality with others or to develop cooperation in work and life.
resources - Funds, conversation, community.
self-help - People are able to improve their circumstances through joint action which can be more powerful than individual effort.
self-responsibility - Members are accountable.
small funds - As the project grows the amount of funds grows. Because of the nature of this project, Coop Fund may not always have a large amount of money to give out.