The fund
Where the money is, and whether we could give it back.
Members
21
0 under notice
Member capital
$21,000
refundable at par
Deployed to machines
$10,081
zero interest
Repaid to the fund
$69
buys the next machine
Coffee held, from repayment in kind
1.8 kg green
4 bags · worth $14.30 at FOB
Stations settle 30% of each repayment in green coffee rather than cash. That is why members pay postage instead of a coffee price. The fund isn't spending anything to feed them, it's being repaid in a different asset.
Liquidity
above floor69.8%
$14,666.49 in cash against $21,000.00 of member capital. The floor is 20%, $4,200.00 , so redemptions can be honoured without paying the first members out with the last members' money.
Loss reserve
$0.00
Target is 10% of the loan book, $1,008.07. Funded from coffee margin, it absorbs the first station defaults so member capital doesn't. Beyond it, capital is at risk.
Machines (1 funded, 1 repaying)
Awaiting deployment, needs $12,450.00 landed
$12,450
landed cost
$691% of $10,150
repaid to the fund
$10,150
landed cost
Awaiting deployment, needs $7,500.00 landed
$7,500
landed cost
Awaiting deployment, needs $6,800.00 landed
$6,800
landed cost
Ledger integrity
✓ balancedentries105net0 centsunbalanced transactions0
Every movement of money above is a balanced double-entry transaction in an append-only table. Member capital sits in it as a liability the co-op owes back at par, not as revenue, and not as equity.