Global Partnerships (GP) recently disbursed a working-capital loan to a new partner, COOPEFACSA (Cooperativa de Ahorro y Crédito Fondo Campesino de San Antonio), a savings and credit cooperative offering financial services to rural, smallholder farmer populations in the Autonomous Region of the South Atlantic (RAAS) in Nicaragua.
It’s not often that coffee producers, exporters, roasters and baristas find themselves in the same room. But earlier this month, about 10,000 people from throughout the coffee value chain converged in Seattle for the Specialty Coffee Association of America (SCAA) Event and Symposium. This annual event is a major opportunity to network and build relationships, as well as exchange ideas on important issues affecting the coffee industry.
Last week I traveled to Paraguay to meet with social enterprises, agricultural producers and a government official as part of our research into new investment opportunities.
As we approach our 20th anniversary in 2014, we’re beginning to craft our vision for the future as a nonprofit impact investor dedicated to expanding opportunity for people living in poverty.
Our partnerships with microfinance institutions, cooperatives and other social enterprises are what enable us to do what we do: expand opportunity for people living in poverty.
While all of our partners are classified as social enterprises – mission-driven organizations which apply market-sustained strategies to achieve a social purpose – each employ different business models that catalyze the flow of essential goods and services to people living in poverty.
Microfinance has been promoted as one of the most successful economic innovations for global financial inclusion for people living in poverty. Yet, a recent study and several articles have come out questioning the value of traditional microfinance institutions to permanently lift people out of poverty.
Earlier this year, The Atlantic Monthly wrote about the conundrum coffee farmers face in growing organic coffee and fending off the rampant rust disease that has afflicted the coffee crops of Latin American farmers.