Bybit, a global crypto derivatives exchange for retail traders, partnered with EthicHub, a project supported by the Blockchain for Good Alliance (BGA)
Founded by Jori Armbruster and Gabriela Chang Valdovinos, EthicHub connects unbanked farmers with crowdfunded loans and buyers. Projects in Mexico and Colombia offer alternatives to coca farming through agroforestry and peace efforts.
Backed by a $1M investment from Bybit, EthicHub has issued over $5M in loans with a default rate under 3%. benefiting more than 10,000 farmers who sell more than 300 tons of coffee, generating over $2M in revenue.
EthicHub plans to start shipping coffee to Europe in August, targeting $1.3M in sales.
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