Services Provided by Arctic Co-operative
Development Fund
Arctic Co-operative Development Fund was established in
1986 to provide financial services to Co-operatives across
Canada's Arctic. ACDF is a self-managed fund of pooled
financial resources, owned and controlled by the Co-operative
businesses accessing the capital. ACDF provides leadership
in financial planning to provide for the orderly development
of the Co-operative System, while maximizing the benefits
of available financial resources and maintaining the integrity
of the ACDF capital.
Development Financing: ACDF provides
both short term and long term financing to Member Co-operatives
for the improvement, expansion and/or replacement of facilities
and equipment. This financing is also available to Co-operatives
to enter new business ventures and to assist emerging
Co-operatives to become established.
Long-Term Financing: Provides financing
to Co-operatives to stabilize and strengthen their operations
while providing the Co-operative with an opportunity to
reduce their existing long-term debt in an orderly manner.
Working Capital Financing: Much of Canada's
north is connected to southern Canada only by high cost
air transport. As a result, businesses in the north must
be supplied with products and materials on an annual resupply
program. Depending on the location of the community, this
resupply will be by winter road, ship or barge. ACDF provides
working capital financing to Co-operatives to purchase
up to one year's supply of merchandise inventory or other
material to operate their business.
Facility Development: Provides the Co-operative
System in the NWT, Nunavut and Northern Manitoba with
an alternative for fixed asset development. In consultation
with Member Co-operatives, ACDF will develop a facility
to the specifications of a Co-operative and lease that
facility to the Co-operative with an option to purchase
the facility some time in the future.
Co-operative Development: The Co-operative
System in the NWT, Nunavut and Northern Manitoba (through
ACL and ACDF) works with community groups to identify
business opportunities, complete feasibility analysis,
develope business plans, and where appropriate, work with
these groups to develop a community based Co-operative.
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