We're proud to announce that we're about to issue our first small business loan to a Hive-born business in Nigeria. The business was built entirely from Hive rewards and is now generating well over 1,000 HBD in monthly turnover.
The business name is "Happy Customer Supermarket" run by @fokusnow
Here's a snapshot of their revenues:
This milestone is made possible through a collaboration between Distriator Loans (@distriator.loans), EC BIT (https://www.ecbit.mx/), and Eco-Bank (@ecobanker), who are working together to collateralize and issue the loan.
Loan Details:
- Annual Percentage Rate (APR): 20%
- Funds will be used to purchase high-demand inventory to support the business's rapid growth.
- The HBD loan with EC BIT is overcollateralized with Bitcoin and transparent.
- Both Eco Bank and Distriator Loans (the other crediting parties) have not given collateralised loans, however, interest rates have been set based on clear, and continually growing revenues from the business as shown on the Distriator.com platform.
- The loan is to be paid back monthly with on-chain revenue streams tracked in real time.
- You can see the confimation of payback and agreement to the terms of the loan here.
The business has seen incredible growth thanks to its unique model: it offers instant cashback of 10–40% to customers using HBD (Hive Dollars) via Distriator.com, creating a virtuous cycle where users save and businesses thrive.
Why This Matters
This is a real-world example of how cryptocurrency can be distributed responsibly, not through airdrops or speculation but via commerce-based lending to profitable, transparent, and growing businesses.
This method also returns a higher APR (20%) than the HBD onchain base rate of 15%, and so as the system grows, can present a way to obtain higher yeild on HBD in future to HBD holders.
We believe this is just the beginning. By leveraging on-chain data, stablecoins, and decentralized tools, we can bring capital to where it's needed most — and help local entrepreneurs scale with purpose and transparency.
Let us know what you think — and stay tuned for updates on how this business grows with Hive and Distriator!