Yes, it makes absolute sense. That wasn't my understanding when I asked, but I also had not taken the time to reacquaint myself with the particulars as I could have. Thanks.Hi GqSoul,
Well there are others who’re better equipped to answer this question, but the fact is that while FOTCM has a financial aspect to it, it is not a financial institution set up legally and logistically to provide loans for small businesses or individuals.
That would turn it into a for profit organization and it would become an entirely different thing, a FOTCM bank of sorts. Being that this isn’t the case then I’m not sure if your request is going to get you anywhere.
Have you tried your options elsewhere in the market? I’m sure there’s a plethora of institutions willing to loan you the money at an affordable rate.
And from what I understood, the provisions provided for members’ support are made in a charitable manner for members in dire straits and in need. As you can see there’s a difference between, for example, “I can no longer afford medicine for my I’ll father” and “I want to start a business, can you loan me some money?”
I hope the above makes sense.