Coffee producers in Guatemala ask to broaden use of $48 million
Anacafé could benefit more producers with the 48 million dollars that are in the account of the coffee trust created in 2001.
Wednesday, June 11, 2008
The president of the National Coffee Association, Christian Rasch, said Wednesday that small producers have requested that the trust be used to reactivate plantations.
The Nicaraguan Foundation for Economic and Social Development (FUNIDES), has presented a study entitled "Program For Improvement of Coffee Production for Small and Medium Producers."
The coffee trader Ecom will be managing the funds provided by Starbucks, IFC and the IDB for long-term financing to help Nicaraguan coffee growers fight against rust.
This trust is capitalized by a $9 contribution per quintal of gold coffee produced and acquired by exporters, torrefactores (roasters) and intermediaries.
The trust has become operational which gives loans with a term until 2026 and interest at 2% per year for smallholders and 3% for medium and large producers.
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