Our work with the mines does not start and end with our Fairtrade obligations. We choose to work with Fairtrade because it is a great system to help communities, but our relationships with our producers go much deeper.
WHY WE LOVE FAIRTRADE
Fairtrade recognises the importance of community wide approach to move toward real sustainable development. They earn a guaranteed fair price, at least 95% of the international market rate for the gold they mine (Cred pays 99% to the miners). An additional $2,000 for every kilo of Gold produced and sold as Fairtrade is paid as the Fairtrade Premium. This money goes into a community fund and a committee elected by the community decide how it should be spent.
WE HAVE PAID
$441,380 OF FAIRTRADE SOCIAL PREMIUM
WHERE THE FAIRTRADE PREMIUM GOES
$283,595 to SOTRAMI in Peru
$156,569 to MACDESA in Peru
Through fundraising efforts and community involvement we are able to give more support when and where it is needed. We raise money publicly and at industry events, for projects chosen by Cred and the miners to support those who need it most. Many of these projects make a point of supporting women and children.
$24,000 for the Confecciones Mujeres Mineras 4 Horas, sewing machines
$7000 for 12 computers for the local school, Juan de La Torres in Chappara
$1800 for a computer for Confecciones Mujeres Mineras 4 Horas sewing machine workshop
$1400 for servicing and dust proofing of the computers at Juan de La Torres in Chappara school
$22,400 for an ultrasound scanner for the medical clinic at SOTRAMI
$1000 for Tatiana's trip to the UK and $500 for Juan de La Torres in Chappara school trip