At Progreso Foundation we believe that there are ways to secure an honest income for coffee farmers and to preserve ecosystems while keeping up with market demands. We think that lack of access to markets and finance is what is most challenging for the sustainable business development of coffee farmers and their organisations. That is why we have developed Beyco, the Beyond Coffee Platform. Beyco is a blockchain based trading platform that was launched in 2018 and is made for the coffee value chain to confirm existing relationships and attract new ones. The platform generates efficiency and creates insights and understanding for different participants, which leads to decreased risk and shared value. Through Beyco, real-time data on transactions and contracts can be shared, and Beyco can support all coffee value chain players to contribute to being carbon neutral.
As Progreso Foundation we commit to contribute to a sustainable coffee value chain by enabling an online platform where contracts can be signed and pre-finance can be accessed.
On Beyco, we achieved to grow the user base with 20% to 600 user cooperatives, traders, service providers and buyers.
We added a new function to enable coops to have access to finance. When they sign an export contract on Beyco they can apply for the financing and are granted the loan promptly, which enables them to pay farmers for cherries and process the coffee properly for export.
We added other social lenders that now also provide this financing through Beyco.