Your business has been operating for 1 year or longer
Has greater than 100,000 in annual revenue
Is registered as a Corporation or Partnership
The journey all began in the Fall of 2003, when Michael was invited by a friend's mother — a village homeopath in San Pablo Guelatao, Oaxaca — to help roast cacao so that they could make her great-great-grandmother’s chocolate recipe for Christmas. A year later, he was still making chocolate.
"A year later I was still making chocolate, but I didn’t know why. And then I finally realized why: instead of depending on government grants, instead of depending on my own savings — as a stonemason or a student loan or whatever I was using. I could sell chocolate and make a dignified living and I could use the chocolate as a vehicle to celebrate the sustainable technology."
ChocoSol — specializing in artisanal chocolate made using organic, forest garden, shade-grown cacao, sourced directly from Indigenous communities in Southern Mexico — is in the midst of a growth stage and was seeking funds to purchase equipment and support cacao procurement to further their production. In March 2016, ChocoSol’s loan was fully funded on Lending Loop. They are currently using the funds to fulfill their original vision for the future of the company.
"Lending Loop was very straight forward, the staff were fantastic to work with. We found the turnaround from getting the paperwork in, to getting it all finalized and getting the project funded was very quick, very painless and very opportune."