By 2025, invest $100 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)
Update
July 2023
The Starbucks Global Farmer Fund was established to enhance the resilience of the supply chain and secure a long-term source of coffee by addressing the unfulfilled business financing needs of farmers. Farmers often cannot access traditional banking options for business loans due to excessive interest rates and an inability to meet minimum qualifications. The loans offered through our Global Farmer Fund enable farmers to plant new trees, enhance their infrastructure and bolster their financial stability in the face of changes in climate and markets. Our goal is to supply $100 million in farmer loans by the end of 2025. In FY22, we issued three new loans including a climate note to support farmers to adapt to the impacts of climate change and another directed to women in agriculture, both through Root Capital, putting our total loans deployed at $80.8M since inception.