The Cooperativa Cafetalera Designers of CafĂ©s Specials – COCADICAFE becomes the first originator node in Honduras to channel EthicHub’s international funding to small communities of coffee growers. This was reported to Cointelegraph in Spanish, through a statement.
“From now on, many small producers of coffee in Honduras will be able to benefit from new financing tools, much cheaper and more accessible, as is already happening in other countries such as Mexico O Brazil”, they pointed out.
EthicHub and COCADICAFE have reached an agreement for the latter to become the first originating node in Honduras, with the mission of meeting the financial needs of small coffee-growing communities. COCADICAFE will be responsible for uploading projects to the EthicHub platform and ensuring the proper use of loans and the implementation of good environmental practices among its producers.
The Cooperativa Cafetalera Diseñadores de CafĂ©s Especiales (COCADICAFE), is a company of the Social Sector of the Economy based in El NĂspero, Santa Bárbara, Honduras, and is made up of coffee producers organized around Savings and Credit Banks in the municipalities of El NĂspero, Arada, Gualala, San Nicolás, Santa Bárbara, as well as San Rafael and La UniĂłn in the Department of Lempira.
The president of COCADICAFE, Mr. Domingo Rosales Amaya, who will be the visible head of the new Honduran originating node, said that “the opportunity to work together with EthicHub will generate much benefit for coffee producers” in the production and quality of the harvest.
“With low interest rates, the producer will achieve a better fertilization plan, a better harvest of the grape grain from the coffee trees, an ideal drying,” he remarked.
Five producers from the cooperative will participate in the pilot project and work on the collection, selection, washing and drying of coffee will be financed in the same year 2021.
For Gabriela Chang, co-founder of EthicHub, the incorporation of Honduras is an example that “EthicHub has a global vocation” and that after financing communities in Mexico and Brazil, “now we are also present in Honduras” and she hopes to continue leading the platform to other countries and other crops.
“Unfortunately, the problem that we solve is repeated in many parts of the world,” he said.
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