CORALUS – Coralus
Description:
Coralus brings together hundreds of radically generous women called Activators who contribute $1100 each (or twelve monthly payments of $92) for Australia, Canada, New Zealand and the USA; or £850 (or twelve monthly payments of £71) for the UK. That money is pooled and then loaned out in the form of 0%-interest 5 year loans to women-led Ventures whom the Activators help select. As the money is paid back into the fund, it’s loaned out again to support more women-led Ventures each year.
Comments on Funding:
Funding takes the form of interest-free loans.
The 0%-interest loan has a five-year term for each Venture. Ventures pay back their loans in 20 quarterly installments over a five year period.
Eligibility:
Applicants must:
Application Steps:
Applicants must:
1. submit their application by answering key questions about their model and their impact;
2. submit financials and a video introducing their companies, if invited;
3. attend a retreat, if selected.Â
Documentation Needed:
Applicants must submit:
1. financials;
2. a video describing their company.
Testimonials:
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline