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Co-financing with direct loans

Your money works!

Your direct loan makes a cooperative supermarket possible for everyone! Do you want to make a specific, meaningful project possible with your money? MILA participatory supermarket offers you exactly this opportunity.

Now you are the bank and grant a loan! With your direct loan to open a supermarket: Join in!

Direct loans offer individuals or groups the opportunity to support a specific project directly with their money – without having to go through a bank. There is a contract that regulates the interest and term. Direct loans enable MILA Mitmach-Supermarkt to be financed while minimising expensive bank loans.

MILA makes good food possible for everyone with your sustainable investment.

Your advantages when you give MILA a direct loan:

  • You have full transparency about how your money is used in the MILA participatory supermarket and actively contribute to the realisation of our project.
  • You receive fair interest for your direct loan
    – either in the form of shopping vouchers with up to 3 % annually
    – or in the form of money at up to 2 % per year.
  • You decide the amount of your direct loan, the term and the type of interest. You can use the shopping vouchers directly at MILA to enjoy your purchases!

With your support, we will make the participatory supermarket a success and reward you for your trust in our project at the same time.

Why does MILA need direct loans?

  • Your direct loan enables MILA to get started directly at our new location. We are starting from the best position!
  • We will use the direct loans to pre-finance the investment costs incurred for the opening of the supermarket.
  • Your money will now be used specifically for investments at the new location.

We would rather have many direct lenders behind us than a bank breathing down our necks, because: Direct loans have better conditions for MILA than bank loans. Direct loans count as equity and make it much easier for us to get a loan from a bank on better terms.

Current status

Why did you give MILA a direct loan?

“I decided to take out a direct loan with MILA because I often have no insight into what happens to the money when I make conventional, but also “green” investments. I support MILA because I believe that local food supplies and small-scale, urban agriculture are important and worth supporting. MILA makes an important contribution to this. It combines commitment and joint action by consumers with fair framework conditions for farmers.”

Daniela, 33 years old
Landscape ecologist
Linz

“I gave MILA a direct loan because I was looking for an alternative to the dominant retail chains, where good and sustainable products are available at fair prices for suppliers and consumers. Because I really like the idea of the cooperative to build something together and, finally, because I would like to work together with many different people. I think MILA is great for political, ecological and personal reasons and I am so convinced of its success that I am happy to invest in the future of the project.”

Michael, 64 years old, 1 daughter
Employee in the social sector (retired)
Vienna

“I decided to give a direct loan because I think the concept is worthy of support and desirable and I can be sure that my money is not being used to exploit the environment or people, as is the case with conventional investments. It also creates low-threshold access to good, fairly traded food.”

Antonia, 39 years old, 1 child (5 years)
Psychiatrist
Vienna

“I gave MILA a direct loan because I like to invest in things that I understand and find meaningful. For me, MILA is a great community project that will enable me and the other members of the cooperative to buy sustainable products that we determine together at fair prices. I want MILA to fly, and my direct loan is a contribution to this.”

Peter, 54 years old, 3 children
Banker (member of the management board)
Vienna

3 steps to a direct loan

1) Fill in and send off the direct loan agreement

Fill in the digital form directly online with your details for the direct loan agreement.

… or fill out the direct loan agreement by hand, sign it* and send it to mitmachen@mila.wien
or by post to: MILA Mitmach-Supermarkt e. G. Vivenotgasse 29; 1120 Vienna

2) MILA checks the contract and sends you the contract and account access

We check the contract for completeness and sign it from our side. The contract is then uploaded to the MILA platform and you can log in to your account using the email address you provided in the contract. We will inform you by e-mail. On the MILA platform, you can download the contract, check your current account balance and request your annual account statement **.

3) Transfer direct credit

After you have received the account access, we ask you to transfer the amount of the direct loan to our account.
Interest will begin to accrue once your payment has been credited to the MILA account.

Do you have any questions? Then get in touch at: mitmachen@mila.wien
If you give us your telephone number, we will be happy to call you back.

* For sums of €5,000 or more, we need an additional signature on the contract. If you complete the contract using the online form, we will contact you by e-mail.
** If you do not have an e-mail address, we will send you your contract and your account balance once a year by letter to the postal address stated in the contract.