SOCAP10: Deborah Hirsh, Hoop Fund

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The Hoop Fund SoCap 2010

Transcript of SOCAP10: Deborah Hirsh, Hoop Fund

Page 1: SOCAP10: Deborah Hirsh, Hoop Fund

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

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Thank you!jointhehoop.com

[email protected]