Executed

Create a 2,500 USDC Business Line of Credit for The Davis System LLC


Proposal ID

649416...7258

Proposed

Result details
Final Votes

Quorum

9.66K of 0

Majority support

Yes

For

9.66K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x092C...FE9f

createLineOfCredit(..)

Custom

Account

0x092C...FE9f

Method

createLineOfCredit(..)

Proposal

Thurman Community,

I'm proposing a 2,500 USDC business line of credit with a 7.00% APR and 62-day maturity for The Davis System LLC (TDS). TDS is a proud black-owned, and woman-owned, social impact firm, founded in 2021 to provide grassroots organizing strategy to candidates, organizations, and communities across the country. Since its inception, TDS has worked with clients such as Massachusetts Governor Maura Healey; Congresswoman Ayanna Pressley; former Congressman Joe Kennedy's organization, Groundwork Project; and the Harvard Kennedy School to name a few.

In early September, TDS became the first borrower to repay their debt using our community lending pool. They will use the funds to bolster their business's technological capabilities, specifically through the acquisition of new laptops and a high-quality camera for our new in-house photographer/videographer. These vital tools will empower them to improve their productivity and operations; improve the content they are capturing and sharing; and elevate the quality of their services.

Final Votes

Quorum

9.66K of 0

Majority support

Yes

For

9.66K

Against

0

Abstain

0

Final Votes
Status

Draft created

Published onchain

Voting period started

Voting period ended

Proposal queued

Proposal executed