Ethical bank financing co-ops, Baugruppen, e.V., individuals and investors — legal-form-agnostic, unlike the program loans which gate on entity/household. Typically the ~54% senior-loan tranche of the grassroots capital stack (subsidized or commercial), stacked above Direktkredite (equity substitute) and member equity.
Related
- syndikat-direktkredit — the subordinated tranche it stacks above
- eg-cooperative — one of the many eligible borrower forms