Message from the Founder

Message from the Founder

Breadcoin’s founder on why Breadcoin was created for such a time as this:

Scott Borger is a Ph.D. economist who in 2016 partnered with Cary Umhau to create the Breadcoin food token that is feeding the community, supporting local food vendors, and providing loans to businesses that might not otherwise have access to credit.

In this video, Scott talks about how we can respond to the COVID-19 health emergency through a community response to hunger.

Breadcoin Microloans

Breadcoin Microloans

Investors help vendors grow their businesses with low-interest loans that are paid back in Breadcoins.

A unique feature of Breadcoin is our microloan program. We match investors with needs and desires that our vendors have to grow their businesses.

Vendors with whom we’ve established a relationship are eligible to apply for these micro loans. Preference is given to businesses in low-income areas where food choices are often more limited; that is where we are focused anyway. We also appreciate being able to create opportunities for those who would find traditional avenues for lending inaccessible or burdensome.

Our Breadcoin investors receive their money back with interest, paid in Breadcoins. This is an ideal scenario for those who are committed to giving over and over — helping a business grow and then feeding many more people with the returns on that investment.

Contact Scott Borger to learn more about this loan program.

 

Photo: grwview photography

Our First Loan Payoff

Our First Loan Payoff

Breadcoin had a glorious celebration of our three-year partnership with the Central Union Mission, DC and of the payoff of our first microloan, the lease of a food trailer for their Mission Muffins enterprise.

WGTS 91.9 was broadcasting live, and we love the wonderful work they do in the community, including their current sock drive! They interviewed Cary Umhau, one of our co-founders, about our work, introducing their listeners to the idea of becoming Breadcoin members.

Our team, friends, Breadcoin and Mission fans cheered over the key moment when our founder Scott Borger handed over the deed to the trailer to Mission President/CEO Joe Mettimano.

We consider our partnership with the Mission a match made in heaven.