How does the Hoop Fund work?
• We work in collaboration with producers and brands to discover projects that grow or improve the producers’ businesses: everything from seed banks, handheld looms, to harvest financing and more. Our brand’s producer partners pick a project from their wish-lists and we post it on our platform to start fundraising. • You and your community of lenders fund the project. • Once the loan amount has been filled, 100% is wired to producer bank accounts get the project under way. • You will receive intermittent repayments throughout the life of the loan, along with project and producer updates. • When the project is complete and repaid, you can use your money to fund another project, purchase their products, or take it out and do what you want with it.
