EthicHub is crowdlending on peer-to-peer basis for investors and farmers. At the same time we are a marketplace for the handling of purchases of big coffee companies. We connect farmers who do not have access to bank loan with investors seeking greater profitability or want to generate social impact. EthicHub also negotiates the contracts for purchases of coffee by large companies. By doing this the repayment of the loans is guaranteed for the investor from the beginning. The farmers can be financed at a lower cost while increasing their production and the large companies are guaranteed their annual purchases of coffee.
Main sectors: Agriculture & Forest-based Activities; Financial Services
Main applications: Financial Services/Market Infrastructure; Payments/Financial Infrastructure;
Established in: 2017
Organisation: LENDINGDEV, S.L - Ethic hub
Organisation type: Organizations (not companies) – NGO/non-profit
Founders: Jori Armbruster; Raúl Martínez; Gabriela Chang
Partners: Social Enterprise; Blockchain Institute and technology
Stage of project: Live
Geographical reach: International
DLT / Blockchain: Public – Ethereum
Other technologies: Social Media / Social Networking
This project is part of the #DLT4Good Scanning. ‘#DLT4Good: Co-creating a European Ecosystem of Distributed Ledger Technologies for Social and Public Good’ is a forward-looking science for policy project supported by the European Parliament, and coordinated by the Joint Research Centre (JRC) in cooperation with the Directorate-General for Communications Networks, Content & Technology (DG CONNECT). Learn more about #DLT4Good.