EthicHub is the crowdlending platform for farmers and a marketplace for coffee purchases that facilitates big coffee companies. EthicHub brings together farmers that do not have easy access to bank loans and investors, whose repayment of the loans is guaranteed. As for coffee purchases, the direct buyers guarantee before the harvest to buy the coffee and ensure farmers can repay the loans.
The investment goes straight to the farmers. It starts from 20 euros. Usually, the investment starts paying back in one year. Each project’s profile sets detailed terms.
At this point, there are more than 100 participating families and over 600 investments in two years. The local unbanked farmers benefit due to lower interest rates, as well as more sufficient financial supply. More liquidity allows them to improve productivity. As a result, investing parties have a higher profit.
The platform employs the DAI token as an internal currency.