Transition Salt Spring Enterprise Cooperative (TSSEC)
a community microloan program
Investors & Borrowers Taking Action for Climate!
TSSEC is an investment cooperative that provides microloans to Salt Spring Island residents who make ecological upgrades to their homes, businesses, organizations, or lifestyle. Co-op members pool their funds together to provide low-interest financing to projects and enterprises on Salt Spring Island. TSSEC will match borrowers to the right investors to support feasible climate and community resiliency projects.
Who Can Apply for a Loan?
- Homeowners
- Individuals
- Organizations
- Businesses
What Kind of Loans?
Climate Action Loans
Climate Action Loans are to purchase and install equipment that address' and adapts to climate change. Examples include: heat pumps, water tanks, EV chargers, E-bikes, and greenhouses. Low-Interest loans up to $7000 (or up to 50% of the cost of the project, whichever is less) are available to Salt Spring residents. See full terms on the application page.
COMMUNITY Loans
Community loans are for larger projects for businesses and organizations.
Currently, the Community Loans Program is closed to applications.
Sign up for the TSS newsletter to be notified when the Community Loans Program is open.
COMMUNITY IMPACTS
Since 2011, TSSEC’s 100+ members have loaned out $276,355 to 42 local projects — supporting everything from clean energy and water systems to community innovation.
TSSEC STORIES
Using a TSSEC Loan to Design for a Climate-Ready Future
As intentional stewards in a forest home on what is called Trincomali Heights in Penelakut territory, Pam Tarr and Jon Cooksey have been actively designing for a climate-ready future. Right away, they explain the very…
Building Madrona Integrative Health with help from TSSEC
Building Madrona Integrative Health relied on building relationships; not surprisingly, the relationship and loan support from Transition Salt Spring Enterprise Co-Operative (TSSEC) was featured front and center in the story of the birth of the…
BECOME A MEMBER: MAKE AN IMPACT BY INVESTING IN THE PLACE YOU CALL HOME.
Are you a patient investor who is interested in contributing to the health of our community? Join TSSEC and invest in projects you care about. Receive a small financial return and a large social return on your investment.
Under BC’s Securities Co-op Exemption Rules, members may invest up to $10,000, unless they qualify for additional exemptions. See our FAQ for more information.
Questions and Contact
For more information about TSSEC, investing and borrowing, see our Frequently Asked Questions.
Have more questions? Contact TSSEC
TSSEC operates under the BC Cooperative Associations Act. The Co-op is owned by its members who elect the volunteer Board of Directors at the Annual General Meeting and provide guidance to the Board. TSSEC has a contract with Transition Salt Spring Society for partnership on programming and communications, yet it is a distinct legal entity with its own set of bylaws.
