SOCAP10: Deborah Hirsh, Hoop Fund
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Transcript of SOCAP10: Deborah Hirsh, Hoop Fund
The Hoop Fund
SoCap 2010
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)
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
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
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
Invest in what you enjoy, Enjoy what you invest in!
$25
$35$40
$75
$25
$35$50
$50$25
$25
$25
$25
How it works
“Hey! I helped produce this
coffee, try it out!”
Creating Stories and Products to Share
Hoop Pioneer Brand Partners
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
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
Thank you!jointhehoop.com