COOCAMINAS - Cooperativa Pequenos Cafeicultores Poco Fundo
COOCAMINAS loaned me $4,349.00 at a low-interest rate through the rotating credit program. With the loan I was able to make my past due payment for fertilizer. Making this payment allowed me to wait to sell my coffee on better Fair Trade terms. I didn’t have the need any more to sell it to intermediaries at a value much lower than it’s worth. ”
Sebastião Célio Vitoriano
Low-Interest, Short-Term Loans
COOCAMINAS has used its premium funds to provide low interest loans for members. These short-term loans prevent members from resolving financial needs with predatory lenders. Members can now meet their daily expenses as they wait to sell their coffee on the best possible terms.
New Warehouse for Storage
On a plot of land purchased with Fair Trade premium funds, COOCAMINAS constructed a warehouse for additional storage. This purchase of land and equipment was approved democratically by the cooperative’s General Assembly.