By 2020, invest $50 million in our Global Farmer Fund to provide affordable access to credit to coffee farmers. Providing access to credit at reasonable terms is an important component of our farmer support model. By investing in farmer loans, we are helping cooperatives and farmers manage risk and strengthen their businesses.
In partnership with: Root Capital, Fairtrade Access Fund, International Finance Corporation (IFC), Inter-American Development Bank (IDB)
August 23, 2019
We have committed and advanced $46 million in our Global Farmer Fund, and are on track to our goal of $50 million. In 2018, loans reached thousands of farmers in 14 countries to strengthen their coffee farms through tree renovation and infrastructure improvements. Our partners in this include Root Capital, FairTrade Access Fund, responsAbility, Inter-American Development Bank [IDB], Coex, delosAndes, and Mercon.
Assurance: 3rd Party Audited, based on Reporting Year 2018 that up to $21 million was committed through the Global Farmer Fund. The rest of the amount up to $46 million was committed and advanced in 2019. This recent amount is currently self-reported and will be audited as part of the regular 2019 end of year annual reporting.