Mr. Edmund Honohan:

This is a crowd-funding enterprise. It is crowd-funded in the sense that if a borrower goes to the bank and says he or she is prepared to pay a certain amount per month, the flow of income will enable the bank to write that person a loan. The business model of the co-op will be based on the fact that there will be a flow of rental and other income into the co-op from the members of the co-op, who will continue to reside in the house. It will then be able to go to the international money markets with this hefty cashflow and borrow the money.