WORKING WORLD INC
116 NASSAU STREET NO 513, NEW YORK, NY 10038 www.theworkingworld.org

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Organizations Filed Purposes: THE WORKING WORLD IS AN APPLIED RESEARCH ORGANIZATION STUDYING, TESTING, ASSESSING AND IMPLEMENTING BEST PRACTICES FOR COMMUNITY ECONOMIC DEVELOPMENT THROUGH THE EXPANSION OF DEMOCRATIC ENTERPRISE AND COMMUNITY-CONTROLLED NON-EXTRACTIVE CAPITAL.

IN 2019, THE WORKING WORLD MADE 33 BELOW-MARKET RATE LOANS TO 25 DEMOCRATIC ENTERPRISES WHICH BENEFITED OVER 2,500 WORKER-OWNERS. OF THOSE 33 LOANS, 27 WERE MADE TO COOPERATIVE BUSINESSES IN THE US WHILE 6 WERE MADE IN NICARAGUA. THE ORGANIZATION CONTINUES TO FOCUS ITS WORK IN COMMUNITIES WHOSE POPULATIONS ARE LOW-INCOME, MARGINALIZED, AND AT-RISK. THE LOAN SELECTION PROCESS INVOLVES A DOUBLE BOTTOM LINE, WHEREIN WE ASSESS THE BUSINESS PLAN TO MEASURE THE PROJECTED YIELD IN FINANCIAL BENEFIT TO THE COOPERATIVE AND ALSO MEASURE THE SOCIAL IMPACT, WHICH CAN INCLUDE SUCH QUANTIFIABLE PARAMETERS AS INCOME ENHANCEMENT (ESPECIALLY WHEN RISING ABOVE THE POVERTY LINE), INCREASED EMPLOYMENT, AND MORE ABSTRACT VARIABLES SUCH AS CAPACITY DEVELOPMENT AND INCREASED COMMUNITY STABILITY. SINCE THE ORGANIZATION'S INCEPTION, 98% OF LOANS MADE HAVE BEEN PAID BACK AND HAVE SUBSTANTIALLY INCREASED THE CAPITAL OF THE ENTERPRISE IN THREE CATEGORIES: FINANCIAL, HUMAN AND SOCIAL. THESE LOANS IMPROVED THE FINANCIAL SITUATIONS OF THESE SMALL BUSINESSES AND, IN MOST CASES, ALSO RESULTED IN A SUBSTANTIAL INCREASE IN PRODUCTION AND EMPLOYMENT.

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