Executed

Create a 5,000 USDC Business Line of Credit for Ade Dehye


Proposal ID

877106...6519

Proposed

Result details
Final Votes

Quorum

7.33K of 0

Majority support

Yes

For

7.33K

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 248-day maturity for Ade Dehye (AD). Thurman is sponsoring the origination fee and interest on behalf of AD. 

AD is an ethically and sustainably produced fashion line that is based in Ghana. The business works with textile artisans from across West Africa to source fabrics that are cut and sewn in Accra, and also upcycle fabrics into new garments. The founder, Akintunde Ahmad, is the co-owner of a popular community-centered Oakland coffee and wine shop called**** Kinfolx**** and also serves as the Marketing and Communications Manager for**** ESO Ventures.

AD would use the line of credit to purchase fabric for its Spring/Summer 2024 release. This would allow AD to have more working capital and additional funding for marketing campaigns.

Final Votes

Quorum

7.33K of 0

Majority support

Yes

For

7.33K

Against

0

Abstain

0

Final Votes
Status

Draft created

Published onchain

Voting period started

Voting period ended

Proposal queued

Proposal executed