LOUISVILLE, Ky. (AP) -- There's a new option for loans for some small-scale farmers looking to increase their production.
The Courier-Journal (http://cjky.it/Uh15Vz) reports it's called Slow Money Kentucky, and it's the latest of 10 investment clubs and 19 local Slow Money chapters that have formed across the nation.
Slow Money matches local investors with farmers and small food producers. Loans are typically between $1,000 and $10,000 and require no collateral. A sustainable local food economy is the goal.
The formation of the chapter in Kentucky came as Louisville prepares to hold an international gathering in November of people associated with the Slow Money movement.