Executed

Create a 5,000 USDC Business Line of Credit for The Davis System LLC


Proposal ID

787692...0919

Proposed

Result details
Final Votes

Quorum

9.71K of 0

Majority support

Yes

For

9.71K

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 5,000 USDC business line of credit with a 7.00% APR and 155-day maturity for The Davis System LLC (TDS). Thurman is sponsoring the origination fee and interest on behalf of 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. TDS is seeking funding to support the launch of a project it will be managing for Congresswoman Ayanna Pressley. The project will require TDS to bring on temporary part-time employees to help with community engagement and outreach. These funds will allow TDS to supplement paying for this help while awaiting payment for the project.

Final Votes

Quorum

9.71K of 0

Majority support

Yes

For

9.71K

Against

0

Abstain

0

Final Votes
Status

Draft created

Published onchain

Voting period started

Voting period ended

Proposal queued

Proposal executed