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Goldtree - Sierra Leone

Goldtree Sierra Leone is an organic palm oil producer established in Sierra Leone in 2007. With organic palm oil, Goldtree is targeting a market which, because of shifting consumer demand and the non-substitutability of palm oil in many products, has grown significantly in recent years and for which sustainable sources are greatly needed.

Since 2019, the former conventional palm oil producer initiated a fundamental restructuring process of the business, which includes full RSPO and organic certification of production involving upwards of 10,000 smallholder suppliers and the expansion of nucleus production.

To assist in the increased sourcing of deforestation free and sustainably produced palm oil from smallholder suppliers and the nucleus farm, the CFC has made available a trade finance facility to meet the company’s working capital needs.

Submitting Institution

Goldtree

Location

Sierra Leone

Commodity

Organic palm oil

Total Cost

USD 2,400,000

CFC Financing

USD 1,200,000

Co-financing

USD 1,200,000

Year of Implementation

2023

SDGs