Taking out loans for Free Geek

This is a policy in progress. It will be discussed at a staff meeting, possibly ammended, and then recommended to the Community Council for approval. Thoughts anyone?

• When Free Geek takes out a loan, the amount of the loan and the terms on which it was taken should be made clear to all collective members.
• The money from the loan should be tracked in an account in the books so that it is clear what the money is spent on.
• Before the loan is approved, the staff must specify what the money may be used for.
• Before the loan is approved, the staff must outline a plan for repayment of the loan.
• The board must approve loans. It's in the bylaws.