LEAF Approves Loan to Prairie Roots

LEAF has recently approved a loan to Prairie Roots Food Co-op in Fargo, ND. LEAF is participating with Shared Capital Cooperative, our good friend and partner in the Midwest.

Prairie Roots will use the loan for the construction of their new, member-owned, 8,300 sq. ft. grocery in the twin municipalities of Fargo, ND and Moorhead, MN. The consumer co-op is approaching 1500 members. The area is a food desert, a CDFI investment area, and will create 23 living-wage jobs in the area. This store will help provide food access to the underserved communities in Fargo, ND, a key impact metric that LEAF tracks for our food co-op borrowers.

We wish Prairie Roots best of luck opening their storeā€”for any Fargo fans, perhaps the new store will make a cameo in an upcoming season! Stay tuned!