Press Release: Heifer International, EthicHub Invest $420,000 to Improve Financial Access for Smallholder Coffee Farmers in Mexico
Heifer Impact Capital (HIC), the impact investment arm of global development organization Heifer International, today announced a joint investment of $420,000 with Heifer Labs and Heifer Mexico to improve financial access for smallholder coffee farmers in Mexico through the EthicHub Regenerative Finance (ReFi) platform.
The revolving credit facility will pilot more-efficient dissemination of loan funds to qualifying coffee cooperatives participating in Heifer International’s Beyond Coffee II Project in Chiapas, Mexico. The investment will be facilitated through the EthicHub ReFi platform, a pioneering web-based platform serving smallholder farmers for whom traditional finance solutions have historically been less accessible and available. In Mexico, less than 6% of farmers have access to credit in the traditional finance sector.
Photo courtesy of Bryon Lippincott.
Source: PR Newswire (link opens in a new window)
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- Agriculture, Finance, Investing
