FMO trade facility to Volcafe to support thousands of coffee farmers in Costa Rica

FMO will provide a US$23 million secured term facility to Volcafe

FMO, the Dutch Entrepreneurial Development Bank, announced it will provide a US$23 million secured term facility to Volcafe, a leading global green coffee merchant, to strengthen the company’s operations in Costa Rica and support thousands of coffee farmers in the country.

With two percent of Costa Rica’s land dedicated to its production and representing ten percent of the country’s agricultural exports, coffee is an essential component of the Costa Rican economy and culture, supporting the livelihood of tens of thousands of families.

Volcafe Costa Rica will utilise the five-year term loan from FMO as working capital to purchase coffee cherries from smallholder farmers and local cooperatives, before processing them into export-ready green coffee. The facility will also allow Volcafe in Costa Rica to strengthen its partnerships with local coffee producers, offering them not only an outlet but also support on sustainable production techniques to improve resilience and profitability through the Volcafe Way farmer support programme.

More details on volcafe.com