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Grupo Gigante takes out loans to refinance debt

Grupo Gigante takes out loans to refinance debt Grupo Gigante takes out loans to refinance debt Mexican conglomerate borrows $243 mln from four banks as restaurant subsidiary Toks gets $55 mln to pay off an outstanding loan DebtLoansMexico Mexican conglomerate Grupo Gigante has secured a five-year, MXN4.85 billion ($243 million) loan from BBVA, Santander, HSBC and Scotiabank to refinance existing bank debt, according to a securities filing. In addition, subsidiary Restaurantes Toks has Already have an account?

Mexican Coffee Project Recorded on Blockchain – Bankless Times

Mexican Coffee Project Recorded on Blockchain Thanks to a ground-breaking blockchain-enabled pilot project between Toks, SIMBA Chain and the University of Notre Dame, Mexican coffee growers have reason to celebrate, having seen their incomes soar by as much as 700 percent with the potential for more opportunities. The story begins nearly a decade ago, when Toks began working with communities in the remote coffee-growing region of Tacanã in Chiapas, Mexico, to address deeply ingrained socioeconomic and environmental challenges. Among the first steps was to form a cooperative to give coffee growers a unified voice and enable them to sell directly to Toks, which operates 200 restaurants across Mexico. In 2020, Toks and SIMBA Chain launched a blockchain pilot project with 20 of Toks’ 200 coffee grower-suppliers to support a completely trackable, auditable “farm to Toks” supply chain.

In Redefining the Coffee Supply Chain with Blockchain, Mexico s Restaurantes Toks Is Transforming the Lives of Small Growers with SIMBA Chain

In Redefining the Coffee Supply Chain with Blockchain, Mexico’s Restaurantes Toks Is Transforming the Lives of Small Growers with SIMBA Chain The completion of the ground-breaking pilot program with South Bend, Indiana’s SIMBA Chain succeeds in meeting Toks’ social justice, sustainability and business goals. February 25, 2021 11:00 ET | Source: SIMBA Chain Inc. SIMBA Chain Inc. Plymouth, Indiana, UNITED STATES SOUTH BEND, IN, Feb. 25, 2021 (GLOBE NEWSWIRE) (via Blockchain Wire)  Few people understand the social injustice found in a cup of coffee like Gustavo Pérez Belanga, director of corporate social responsibility at Restaurantes Toks. On any given day, four billion cups of coffee are enjoyed around the world. Of the $3 charged per cup, just 12 cents goes to the coffee growers, many of them living in poverty in small communities in Mexico and other Latin American countries.

In Redefining the Coffee Supply Chain With Blockchain, Mexico s Restaurantes Toks is Transforming the Lives of Small Growers with SIMBA Chain

(1) The completion of the ground-breaking pilot program with South Bend, Indiana s SIMBA Chain, succeeds in meeting Toks social justice, sustainability, and business goals. MEXICO CITY, MX / ACCESSWIRE / February 24, 2021 / Few people understand the social injustice found in a cup of coffee like Gustavo Pérez Belanga, director of corporate social responsibility at Restaurantes Toks. On any given day, four billion cups of coffee are enjoyed around the world. Of the $3 charged per cup, just 12 cents goes to the coffee growers, many of them living in poverty in small communities in Mexico and other Latin American countries. No money for food, no educational opportunities for their children, trafficking of all kinds, and that is just a start, Belanga says.

In Redefining the Coffee Supply Chain With Blockchain, Mexico s Restaurantes Toks is Transforming the Lives of Small Growers with SIMBA Chain

In Redefining the Coffee Supply Chain With Blockchain, Mexico s Restaurantes Toks is Transforming the Lives of Small Growers with SIMBA Chain
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