CHIP Collects More Than $800

chip-for-change

In January, we kicked off our new CHIP for Change donation program. Thanks to all of you who said yes to CHIP, we collected $848.22 in our first month! We will add this amount to the funds available in the next round of our micro-loan program.

As we head into the next month of CHIP, we want to make sure you know more about the program, so that you can decide whether or not to CHIP your change.

CHIP for Change is a donation program run by the Chequamegon Food Co-op. Money donated at the register helps fund our micro-loan program, which in turn helps local farmers and food producers pay for small projects and equipment. This funding source is especially important because banks often will not lend such small amounts. Our micro-loans have helped fund packaging for drinkable yogurt from Springbrook Farm, a grain mill for Maple Hill Farm, a portable poultry processing trailer for Pasture Perfect Poultry, and plants for River Road Farm, among many other projects. By investing in local farms and food producers, we increase the availability of local food products.

So, how do you donate? Your cashier will ask if you want to CHIP your change. If you say yes, your sales total will be rounded up to the next highest dollar. The balance between your sales total and that dollar amount is donated to CHIP.

Since the Chequamegon Food Co-op is a member-owned corporation, donations are not tax deductible. Your donation is a much-appreciated investment in our local food system. If you would like to donate a larger sum to the micro-loan program, we would certainly welcome it. You can either donate the amount at the register or send a check to the Co-op with a note designating the money be applied to the micro-loan program.

The next cycle of the micro-loan program began February 1, 2013 and will end February 28, 2013. This time the Co-op has $11,000 to lend as no interest loans. Loans are capped at $2,500 and have a 2-year payback period. If you have any questions about the micro-loan program or would like a micro-loan application, please contact Alan Spaude-Filipczak, local projects food coordinator, at 715-682-8251 or alans@cheqfood.coop.