Oct 18, 2021
Return of the Alpacas
It’s Small Business Week 2021 and this year we are celebrating entrepreneurs in our community—in particular, those who have overcome adversity, rose to the challenge, and worked to maintain and even grow their businesses under the most difficult circumstances.
Old Mill Alpacas
Old Mill Alpacas is an agri-tourism business located just outside of Colborne, along Northumberland’s beautiful lakeshore driving route. Like many farm-based ventures in 2021, Old Mill Alpacas was struggling to maintain operations as the pandemic wore on. Business owner Amy Kung-Oliver had applied to many of the government emergency COVID-19 grant and loan programs, but all of her applications were declined. Faced with a potentially devastating decision to close down the farm, with the fate of her animals hanging in the balance, she sought the help of local municipal counsellors, the MP’s office, and finally, one of her regular customers (a staff member at Northumberland CFDC who is great devotee of alpaca wool socks). Working with Kim Botrie, Loan Manager at NCFDC, this quickly led to a flexible financing solution that would stabilize Old Mill Alpacas and put the business back on course. Now, Kung-Oliver welcomes visitors and customers back to the farm where they safely access a beautiful boutique, tour the farmyard and learn more about Old Mill’s wool products and exceptional artisanship.
“My stress levels dropped as soon as I started working with Northumberland CFDC,” Amy said. “They are dedicated to local businesses. They came through for us at an extraordinary time of uncertainty. I would die if something happened to the farm and the animals that mean so much to us.”
Amy had this to say: “I’m so thankful Northumberland CFDC reached out to me, I would have closed and the fate of my eighty-six alpacas would have been dire. Because of the financing I received, my business is not just going but thriving! I don’t have to worry about how I will feed the animals, I have merchandise in the store, the alpaca wool is being milled, and all maintenance has been done to face the winter. I have myself and two staff working and I’m taking bookings late into the fall. I’m so thankful.”
Northumberland CFDC is committed to assisting businesses and organizations to mitigate financial pressures caused by the pandemic. To help keep more people employed, and to sustain more employers for recovery. Together, we have worked to weather the economic impacts of COVID-19 and keep more people employed. For businesses located in Northumberland and Alderville First Nation, click here to apply today for flexible financing solutions offered through the Community Futures Program.
More Success Stories
NCFDC delivers the core Community Futures Program (CFP) in Northumberland and works to develop alternative lending solutions for a diverse array of ventures: from sole proprietors, freelancers and general partnerships, to corporations and co-operatives.
Trusted Community Futures Platform Receives Targeted Investment of $40 Million from the Government of Canada
The Honourable Filomena Tassi, Canada’s Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Francis Drouin, Member of Parliament for Glengarry–Prescott–Russell, announced $40 million in targeted investment in the Community Futures platform.
NCFDC is on its way to achieving the biggest year of lending in the corporation’s history. Despite economic headwinds, NCFDC is there to back viable and competitive local businesses, including attracting new ventures to set up shop in our community. One great example, Fogorig Brewing, is a brand new family-run brewery located in Trent Hills. The venture was named after the historic mill restored and renovated as a production facility and venue.