Cookie Banks and Microloans

Kakbank was founded by Peter Kelly. It’s meant as a fun way to have a gathering and also do some good. The idea is to eat cookies and cakes while deciding who to help with the group’s pool of donations.

For my group, one of the criteria is that the loans should be made out to people running businesses. We also assess the viability (as much as we can anyway) to determine if the business has a high chance of being sustainable. You could say we’re like VCs, but without all the stock options and exit strategies and board meetings and… ok, maybe we’re not like VCs…