Lughnasa and the Moon of the First Harvest
Had breakfast with Alan yesterday at the Lakeshore Cafe. Told him about the interesting failure of the bank we tried to create for the poorest of the poor. This was after a 1989 trip to Bogota where we spent a week with staff of the Fundacion Grupo Social.
This group, now a huge corporation, began with Jesuit inspired credit circles for citizens of barrio Jerusalem. In order to give small loans when these folks had no assets the Jesuits conceived of co-signing. If I wanted money to start a small business or build a home (a shack, really), you could co-sign as my guarantor. The default rate on these loans was minimal. Social cohesion is as good as a down payment. This was the start of the micro-credit idea.
We worked hard for a year to put together a Minnesota version, but a recession forced the bank that was working with us to withdraw their generous offer of two million dollars for capitalization.
Alan asked last week over breakfast what I’d done. When I told him a few things: West Bank Community Development Corporation work, Jobs Now, MICAH (Metropolitan Interfaith Affordable Housing Coalition), Minnesota Council of Non-Profits, I surprised myself by being eager to talk about it. Realized that with the exception of Kate and Jon a little bit, no one here in Colorado knew my Minnesota story, my second phase of family and work.
Life is so different here. No contacts. No friends of decades. Only a few places with memories, most tied to the grandkids.
The West has always been a place to start over for Americans from the humid east, guess I’m no exception. No expectations based on prior achievements or prior failures. A new person rising where the sun sets.
