AGROCOEX - Companía Agropromotora del Cotopaxi
The owners of AGROCOEX are motivated to support women, indigenous people and people with disabilities, believing those groups are at the greatest disadvantage during times of social and economic difficulty. As such, AGROCOEX decided to confront these socio-economic issues within their own community by creating objectives that align with the ideals of social justice and Fair Trade.
As a company, AGROCOEX strives to create a safe and just working environment by working to increase the levels of education and well-being of workers, children and community members of its farms. One of the farm’s main governing principles is to foster a standard of living that promotes dignified living conditions for workers.
In 1998, AGROCOEX became Fair Trade Certified in order to establish prices that would cover the cost of sustainable production and fair wages. The workers enjoy participating in Fair Trade because Fair Trade premiums help them invest in projects and programs that they believe better their standard of living. AGROCOEX’s workers collectively decide the use of the community development premiums through a democratic and transparent manner during annual “premium committee” meetings.
From the management’s perspective, Fair Trade is attractive because consumers can buy products that agree with their values and principles. By buying Fair Trade Roses from AGROCOEX, consumers support the workers that fight to better their lives.
The children at the Day Care center feel very safe and they like it. The equipment given by AGROCOEX and the support offered by the Community Development Committee San Francisco – La Victoria lets our children grow. They are being cared for in such a professional manner. They are safer, are learning well and are developing such great skills! Our children are getting the opportunity to socialize in a safe setting, they are getting physical exercise and all of the great things that come with professional childcare services. ”
Liz Rivadeneria, worker at Childcare Center
One of the problems that affect the majority of the people in our town is cavities, which people do not bother with or notice until they are in pain and have to get the tooth pulled. People are affected because they not only lose teeth, but also they get headaches and pain – it is uncomfortable and also causes low self-esteem. With our premium funded dentistry center, our families and the community can access a dentist with the best equipment – all at their workplace! ”
Amparito Chancusig, post harvest worker AGROCOEX
To learn music you need discipline, dedication, and perseverance. If I can do this with music, I can do this in all aspects of my life. ”
Acess to Microloans
This year, $13,770 was given out in microloans. There are rules and a formalized agreement that outline the delivery of resources, interest, and repayment. All AGROCOEX workers have the opportunity to receive loans to construct homes, complete home improvement projects, and to invest in their small businesses.
Low-Interest Micro Loans
Fair Trade premiums fund a worker microcredit program which provides employees with low-interest, short-term loans. These loans may be used for housing construction, home improvements, personal business investment or as a guarantee for an additional credit line with a local bank.
New Housing Program
Fair Trade premiums have funded the first phase of housing construction for the Community Development Committee San Francisco – La Victoria. The Joint Body approved the purchase of five hectares of land in the La Calera district in Latacunga, Cotopaxi. The investment is intended to help workers achieve their dream of home ownership.