No-Interest Microenterprise Loans ForLatino Merchants

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SPRINGFIELD, Ore. - (09/03/04) -- Northwest Community CU said it beganmaking small micro-business to enterpreneurs selling goods atMercado Latino, the outdoor market for food, crafts and gifts, heldin Eugene on Sunday, from June through September. The fund has$5,000 and is administered by the Neighborhood Economic DevelopmentCorp., the local non-profit that sponsors the Latino market.Merchants can borrow up to $500 interest-free to buy equipment,supplies or marketing materials. The credit union made its firstloan of $500 to a Salem-based maker of Peruvian-style chocolates tobuy a tempering machine, used to melt bulk chocolate so it can bepoured into molds.

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