Green Mountain Coffee Roasters, Inc. (GMCR), the Multilateral Investment Fund (MIF) of the InterAmerican Development Bank and Skoll Foundation will support the non-profit agricultural lender Root Capital‘s Coffee Farmer Resilience Initiative. The initiative is a collaborative venture designed to stabilize supply chains by investing in coffee farmers at the base of the value chain, who are on the front lines of battling the leaf rust epidemic in Latin America. The largest-ever partnership between the organizations combines long-term lending to finance the replacement of diseased coffee trees affected by the fungal disease with short-term trade credit, financial management training, climate-smart agronomic assistance and household-level income diversification.
The $7 million initiative will allow Root Capital to lend more than $10 million for resilience investments, and provide financial management training, to 50 agricultural enterprises representing 40,000 farmers, reaching approximately 200,000 family members in farming communities in Latin America. Beyond the direct impact, the initiative aims to serve as a blueprint for holistic investments in farmer resilience that can be replicated and scaled by other private-public partnerships in agriculture. Seeded with funding from the Skoll Foundation, the initiative complements global efforts to build the market for smallholder agricultural finance in a manner that encourages environmental stewardship and resilience, in addition to sustainable rural livelihoods.
|Location||Latin America and Caribbean|
|Value||USD 7 Million|