PROJECT

Projects

Summary of Investment Information

Project Number

35023

Company Name

Ethiopian Coffee Initiative

Date SPI Disclosed

Aug 11, 2014

Country

Ethiopia

Region

Africa

Projected Board Date

Sep 15, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Oct 29, 2014
Signed : Nov 18, 2014

Sector

Coffee, Cocoa, Tea

Additional Project Attributes

Blended Finance

Project Description

The project consists of a 3-year Risk Sharing Facility (RSF) for a portfolio of up to ETB 300M (approx. USD 15.2M) working capital loans to coffee farmer cooperatives, originated and serviced by NIB Bank in cooperation with Technoserve (TNS). The loan will enable the farmer cooperatives to buy “cherry” coffee to process into “washed” coffee. Under the RSF, IFC will assume [60]% of the credit risk on the portfolio, up to a maximum IFC exposure of ETB 180M (approx. USD 9M). The remainder would be covered by Nib Bank.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation