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George Siosi Samuels's avatar

love it!

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Ray Neff's avatar

I built my tiny house 7-1/2 years ago with the help of many friends and family.

One of the more interesting pieces of this journey was financing.

I knew I couldn’t get a bank loan and didn’t have any one person that could loan me what I needed. Instead I reached out to about 25 people looking for microloans of $1000 apiece that I’d pay back over 5 years with interest. If someone didn’t want to for any reason, that was fine and didn’t impact our relationships.

Fortunately about 15 of those folks were in a position to loan me $23k; one I’ve still never met in person but she felt strongly about alternative economics and putting our beliefs into action. All the loans were paid back within 6-1/2 years at an affordable rate for me, and they made a couple hundred bucks in the process giving me the time to pay them back.

I was also able to put the rest of what I needed, about $12k more, on credit cards that I paid off even faster. All of this while working at a natural foods store, not exactly a high wage job, but it was enough.

I wouldn’t be where I am in a truly affordable home without the support of a community of folks who trusted in me and came together to make this happen. People and community do make the world go round. And thanks Lee for giving the inspiration to get it done!

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