FMO has committed a US$23 million secured term loan to Volcafe to enhance coffee production and support local farmers in Costa Rica.

Information on the Target

Volcafe, established in 1851, is a globally recognized coffee merchant specializing in the procurement, processing, and distribution of green coffee. The company operates in multiple coffee-producing regions, providing connectivity to roaster partners and ensuring the supply of beans for over 66 billion cups of coffee annually. With a commitment to sustainable practices, Volcafe plays a pivotal role in enhancing the livelihoods of coffee farmers, particularly through initiatives that promote environmental stewardship and economic resilience.

Industry Overview in Costa Rica

Coffee cultivation is a vital aspect of Costa Rica’s economy, with approximately 2% of the nation’s land designated for this crop and coffee accounting for about 10% of agricultural exports. This industry not only contributes significantly to the national revenue but also embodies an integral part of the cultural identity and social fabric of the country. The impact of coffee extends beyond mere economics; it supports families and communities, thereby fostering rural development.

In the face of evolving market dynamics, Costa Rican coffee farmers are increasingly challenged to adapt to stringent international regulations and rising consumer demand for responsibly sourced products. The gover