Dear Regen Network Team,
Let me start with introducing myself. My name is Tayfun Bahsi and i am working for Inditex group’s (who owns Zara, Bershka, Pull and Bear and more) sourcing office in Turkey (the biggest sourcing market of Inditex.) as Finance Manager. And i am also managing a farm level project for group where we target to increase organic cotton production in entire world!
As India is the largest organic cotton producer in the world, i am working in India to develop a structure where smallholder farmers will benefit profitable organic cotton production. Our approach is “Farmers First” where we want to ensure their livelihood improvements. Long story short, i am dealing with smallholder farmers and developing additional financial tools to improve their working capital needs and market conditions of interest rates.
I am in contact with several NGOs, local and international financial institutions, and put brand’s perspective to establish a structure that not relies on grants or philanthropy but pure commercial facts.
Financing smallholder farmers are not easy due to risk management process for financial institutions and there is no clear roadmap that things will change in near soon. Our most important expectation for establishing a trusted structure is traceability. And it is not only for commodity or goods but also payments starting from brand until farm gate to farmers.
I also investigated Carbon Credit Structure as increasing organic production reduces CO2 emissions. I do not have enough knowledge about blockchain but i know that it is the technology that can provide the security of information on both sides. I have some thoughts to reach individual farmers and Regen Network’s mindset is really impressive and aimig to fill an important gap, not only for agriculture sector but also finance, energy and even textile sectors.
What not clear to me is how this structure ensure that farmers, at least smallholder farmers, can benefit from this structure? And what is the difference of Regen Network rather than its competitors?
I would like to have further discussions in order to have better understanding. Looking forward to hear from you.