SUCAFINA HOLDING S.A.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Sucafina is one of the three largest coffee market actors in East Africa, sourcing both large volume low margin coffees through its mainstream business and premium coffees in smaller volumes but with higher margins. In both cases the majority of coffee purchased is from small and medium-sized farms.
What is our funding objective?
The project focusses on the development and implementation of an Environmental and Social action plan on the Sucafina holding level (company wide), the implementation of a farmer support programme and in-house knowledge & skills development.
Why do we fund this investment?
The project is highly relevant to FMO’s Agribusiness strategy and FMO’s sustainability ambitions. It touches both the green development agenda (in terms of mitigating environmental and social risks and improving in-house knowledge/skills around those risks) and the inclusive development agenda (in terms of supporting the development of a farmer support programme, which aims to improve the income, skillsets and livelihoods of farmers).
More investments
| Date | Total FMO financing |
|---|---|
| 11/7/2022 | EUR 0.03 MLN |
| 9/3/2020 | EUR 0.10 MLN |
| 7/10/2020 | USD 17.00 MLN |
| 12/19/2019 | EUR 0.18 MLN |
| 8/24/2022 | EUR 0.06 MLN |
| 3/2/2022 | USD 10.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Agribusiness, Food & Water
- Effective date
- 9/28/2015
- End date
- 4/21/2022
- Total FMO financing
- EUR 0.23 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+