Moeda launched last year out of a UN hackathon with the idea of using blockchain to improve efficiency in small business lending.
It lends to enterprises contributing to the UN Sustainable Development Goals, including energy access, financial inclusion, sustainable agriculture and food security.
Moeda has allocated $1.5 million to invest in rural Brazilian businesses through a partnership with Unicafes, an agricultural cooperative network. In August, Moeda raised $20 million through an initial coin offering and allocated a portion to a revolving social impact fund.
Through Unicafes’ network, Moeda plans to invest between $6,000 to $520,000 in 18 small businesses, including a bakery and organic agri-processing factory.