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.
So far 52 million dollars of the 100-million-dollar trust have been used.
The trust was formed to help producers restructure their debts, diversify their production, and create more agroindustrial investment.

More on this topic

Nicaragua: $30 million to Combat Coffee Rust

June 2015

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.

From a statement issued by the International Finance Corporation (IFC):

The Inter-American Development Bank (IDB) will provide long-term loans to help Nicaraguan coffee farmers combat the devastating effects of the coffee rust fungus, which has swept through Central America, crippling production and threatening the livelihoods of millions who depend on the coffee industry.

Guatemala: $100 million Available to Address Rust

June 2014

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.

From a statement issued by the National Coffee Association of Guatemala:

With the amendment of the public deed which created the "Trust for financial support for producers in the coffee sector" with assets of $100 million; the National Coffee Association (Anacafé) can say: mission accomplished.

Coffee Productivity Improvement Program

May 2012

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."

From the press release by FUNIDES:

The Nicaraguan Foundation for Economic and Social Development (FUNIDES), presents the study "Program For Improvement of Coffee Production for Small and Medium Producers (May 2012)" prepared in July by the consultants Julio Solórzano Lanzas and Félix Cáceres Trujillo.

Honduran Coffee Trust receives $39 million

October 2008

This trust is capitalized by a $9 contribution per quintal of gold coffee produced and acquired by exporters, torrefactores (roasters) and intermediaries.

In order to have correct data, Ihcafe coffee authorities ask exporters and roasters to document, free of cost, coffee production acquired directly or indirectly from coffee producers.

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