SOCAP10: Deborah Hirsh, Hoop Fund
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Transcript of SOCAP10: Deborah Hirsh, Hoop Fund
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The Hoop Fund
SoCap 2010
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1) Producers unable to sell everything on FT terms (gap between supply & demand)
Addressing gaps in Fair Trade
2) Producers lack access to affordable credit
to build business capacity (different from pre-harvest financing)
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The Hoop Leverages Successful Models• Fair Trade
- large and growing network of producers and products - expanding consumer demand
• Micro-lending Online - Kiva proved mass appeal of micro-lending concept
- Could be directed to create much-needed financing for Fair Trade producer businesses
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Hoop platform unites two movements
• Microloans Consumers make loans directly to producers - Capacity-building - Chocolate, rice, quinoa, apparel, etc
• Drive Fair Trade product salesConsumer purchase product from same producers
- Partnerships with brands
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Virtuous Cycle of Lending and Purchasing
• Creates unique, powerful experience for Consumer/Lender
• Creates multiplier effect of impact at community level– Builds on existing business and community
infrastructure
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Invest in what you enjoy, Enjoy what you invest in!
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$25
$35$40
$75
$25
$35$50
$50$25
$25
$25
$25
How it works
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“Hey! I helped produce this
coffee, try it out!”
Creating Stories and Products to Share
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Hoop Pioneer Brand Partners
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Alto Huayabamba, Peru
• Access to traditional medicinal remedies
• Develop local sales• Additional revenue• Reforestation efforts
Medicinal Plant Nursery Loan Project
Amount: $2,500Term: 2 years
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Surin, Thailand• Buy a freezer for better
seed conservation• Cultivation of endangered
rice species• Purchase seeds boxes• Arrange for seed transport
Community Rice Seed-saving Loan Project
Amount: $2,500Term: 2 years