Friday, March 13, 2015 No Region Specified
Source: The Economist
“Coffee is our gateway drug,” jokes Willy Foote, founder of Root Capital. “Then we move on to harder stuff, like cocoa, cashews, quinoa and sorghum.” That is how the firm got started in 1999, after Mr Foote quit his job as a Wall Street analyst, lending $73,000 to a coffee (and cardamom) co-operative in Guatemala. It has since expanded to 25 countries in Latin America and Africa, and in December set up shop in Indonesia, with a loan of $550,000 to an organic coffee co-operative.