Nicaragua: Financial Sector Specializing in Coffee

With a loan of $10 million from the World Bank. Grupo Mercon will provide technical assistance and grant funding to coffee producers.

Thursday, March 27, 2014

CISA Exportadora del Grupo Mercon and Corporación Financiera Internacional, a member of the World Bank signed a loan agreement for $10 million in support of coffee growing in Nicaragua.

The Director of Agribusiness Manufacturing and Services for Latin America, the Caribbean and Africa of the IFC, Oscar Chemerinsk indicated in an article in that "the investment will benefit coffee farmers, supporting the development of critical aspects of the distribution chain in coffee communities throughout the country. "

"In addition to funding for producers of Arabica and Robusta coffee, the loan has a component for technological improvement and increased processing power for roasters in Nicaragua."

More on this topic

Progress in Financing Plan for Coffee Growers

September 2018

In Honduras it has been reported that the $80 million that will be granted to the coffee sector is in the stage of consultation, risk analysis and verification of loan conditions.

Representatives of the Honduran Coffee Institute (Ihcafé) reported that two banking entities presented their proposals to manage the financing, which will be under the modality of syndicated credit, which consists of several institutions lending the funds, but only one will manage them and establish the conditions.

$280 million Approved for Coffee Sector

September 2018

In order to deal with the difficulties caused by the low international price of the grain, the Honduran government plans to make resources available to 120,000 coffee producers.

The Honduran presidency reported through a statement that one of the decrees, approved by the National Congress at the proposal of the Executive, creates the Special Guarantee Fund for the Coffee Sector with an initial contribution of 300 million lempiras ($12.7 million) from the Honduran Bank for Production and Housing (Banhprovi), which will provide 2,400 million lempiras ($101.9 million) in reciprocal guarantees, which will serve to propitiate operations of twice that value ($203.8 million).

Another Plan to Reactivate the Coffee Sector

February 2018

The Guatemalan union of the sector announced that the reactivation plan they are preparing is based on the renovation of coffee plantations within a period of five years.

The National Coffee Association (Anacafé), is working in conjunction with the ministries of Public Finance, Agriculture, Livestock and Food and the Inter-American Development Bank, on a plan for economic reactivation of the sector, which could be ready in the coming weeks. 

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.

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