Why is People’s Community Market conducting a DPO?

We have a unique opportunity in which the California Freshworks Fund has provided us with a Letter of Interest stating that it will potentially finance up to two-thirds (2/3s) of our project through a below market-rate loan on the condition that we secure the other one-third (1/3) of the project’s financing through equity sources and that the equity financing be secured prior to a formal loan application.

Our DPO is how we’re raising the equity portion of our project financing. We chose the DPO because it allows us to implement an authentic community investment campaign in which residents of California, of diverse economic backgrounds, can become Founder and Shareholders in creating People’s Community Market. 

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