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?
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.