The crowdlending platform based on blockchain technology, EticHub, announced an agreement with the NGO Heifer International to finance small coffee farmers in the state of Chiapasthe startup announced through a statement last week.
The agreement will establish the implementation of a pilot project with Anepaan O’ Deput, a cooperative that brings together to more than 400 small-scale coffee producers located in the municipality of Angle Albino Corzo, in the Mexican state of Chiapas.
With this pilot program, EticHub will be present for the third time in promoting projects for the financing of small coffee producers in Mexico, in addition to being present in Ecuador, Brazil, Honduras and Peru.
On this occasion, the new expansion of EthicHub comes from the Mexican subsidiary of Heifer International, a renowned NGO, founded in 1944, which in all this time has provided assistance to more than 70 million people, in more than 125 countries and that in Mexico it has already linked producer families with fair financing that adapts to the needs of the field.
Heifer International is a renowned NGO focused on fighting hunger, poverty and environmental protection in rural settings.
“This collaboration allows us to increase the options of our projects so that peasant families achieve the sustainability of their farms and agribusinesses, this being the beginning that allows us to expand this benefit,” says Gustavo Maldonado, Executive Director of Heifer Mexico.
EticHub has been operational since June 2018, channeling impact investment to reach unbanked small producers, also offering the possibility of marketing their crops in international markets.
About this new achievement, Gabriela Chang, co-founder of EticHub pointed out that this is a “first step to scale our Circles of Trust in the selection of projects financed on the EthicHub platform and, thus, reach more small farmers excluded from the traditional financial system”.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.