Mercon Coffee Group
Headquartered in the Netherlands, Mercon B.V. is a vertically integrated group active in the origination, processing and wholesale trading of green coffee. Mercon is one the largest coffee traders in the world, sourcing raw green coffee from all major coffee producing regions and supplying leading coffee roasters such Starbucks, Nespresso and Lavazza.
Mercon has recently initiated LIFT, an innovative, sustainable production platform that provides tools, training and services to smallholder farmers improving their productivity and raising their quality of life.
In 2021, CFC signed a USD 5 million revolving working capital loan agreement with Mercon, to fund the necessary cash advances to LIFT farmers in Nicaragua, Guatemala, Honduras and Brazil. During the duration of the credit facility, the number of farmers participating in the LIFT programme will increase from 3,200 to 5,800, with coffee sourcing increasing to 670,000 60-kg bags from 370,000 per year. The overall number of certified farmers will increase to 6,700 from 4,736.
Submitting Institution | Mercon Coffee Group |
Location | Brazil, Guatemala, Honduras, Nicaragua, Vietnam |
Commodity | Coffee |
Total Cost | USD 50,000,000 |
CFC Financing | USD 5,000,000 |
Co-financing | USD 45,000,000 |
Year of Implementation | 2021 |
SDGs
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