The Working World's Model Works

Brendan Martin is founder and director of The Working World, a cooperative financial institution and business incubator based in Argentina, Nicaragua, and the United States. Brendan originally moved to Argentina in 2004 to work with a group of Argentines in support of the “recovered factory” phenomenon, and out of this was born TWW and its non-extractive financing. Despite dire predictions of investing in the recovered factory movement, TWW achieved a 98% return rate across over 715 loans, and all with repayments only from profit sharing and without guarantees. This experience demonstrated both that grassroots cooperative movements can be economically viable and that finance can be non-extractive and subservient to people. After this success, Brendan helped open a second branch in Nicaragua in 2009, and another in the United States in 2012. The same grassroots cooperative efforts and have proven effective in the context of the US, where TWW has already funded 20+ cooperatives, including New Era Windows, which emerged from the infamous Republic Windows and Doors in Chicago. Brendan is a 2009 Ashoka fellow, a two time Ashoka Globalizer, a 2016 BALLE Local Economy Fellow, a nominated Prime Mover, and a frequent speaker on the solidarity and cooperative economy.

 

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