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New micro revolving loan program - Circle of Aunts and Uncles - helps low-interest loans and social

WAYNE COUNTY - A new micro revolving loan program is being created at the Wayne County Community Foundation. The Circle of Aunts and Uncles is a revolving loan fund housed and managed by The Wayne County Community Foundation, a 501(c)3 foundation, operating in Wayne County since 1992.

Wayne County’s Circles of Aunts and Uncles is modeled after the Circles of Aunts and Uncles based in Philadelphia and founded by Judy Wicks, entrepreneur and activist.

Our Circle of Aunts and Uncles is a philanthropic community project to provide low-interest loans and social capital to under-resourced entrepreneurs who are leading new or growing local businesses, in order to co-create a more equitable, compassionate, sustainable, and vibrant local economy within or impacting Wayne County Pennsylvania.

The Aunts and Uncles will recommend loans for the Wayne County Community Foundation to issue to selected entrepreneurs, as well as provide social capital -- enthusiastically spreading the word about the business to friends and colleagues; become customers themselves; provide marketing, management & sales advice; and/or make connections to potential buyers, agents, seasoned colleagues in the same industry, local suppliers, and/or other resources.

The Circle of Aunts and Uncles envisions a prosperous regional economy that supplies basic needs to the local population, works in harmony with our natural ecosystem, supports vibrant, joyful, and inclusive community life and has broad-based business ownership reflecting the demographics of our population.

If you are interested in becoming a “Aunt” or “Uncle” in the circle, or learning more about the project, including how entrepreneurs can apply, please visit the www.waynefoundation.org/funds/nepa-circle-aunts-and-uncles, or contact Ryanne Jennings at 570.251.9993 or by email : info@waynefoundation.org.

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