Farmer Loans Programs
The Starbucks Farmer Loans program is an alternative for co-ops that cannot access traditional funding channels. It aims to provide financial resources to cooperatives to fulfill their cash flow needs during harvest time, and to make infrastructure investments that result in better competitiveness.
FY12 Report Update
Goal: Invest in farmers and their communities by increasing farmer loans to $20 million by 2015.
Progress through 2012: We increased our loan commitment to $15.9 million with a $1.3 million investment to the Fairtrade Access Fund.
To learn more about our work in farmer loans read our Global Responsibility Goals & Progress Report.
Providing access to credit at reasonable terms is a critical aspect of our farmer support model. Our goal is to invest in farmers and their communities by increasing our farmer loans to $20 million by 2015.
In 2012, we increased our total commitment to $15.9 million, including an additional $1.3 million placed in the Fair Trade Access Fund set up by Incofin Investment Management, Grameen Foundation and Fairtrade International.
The Fair Trade Access Fund represents a unique collaboration between a social investment firm and two global nonprofits that focus on helping rural communities in developing countries.
The Fund provides financial and technical assistance to address the needs of smallholder farmers by investing in Fairtrade producer organizations and cooperatives.
The Fair Trade Access Fund launched in Latin America in 2012 with farmers in six coffee-growing countries. By investing in programs that provide access to credit, we’re helping farmers manage risk and strengthen their businesses. Looking forward, we are exploring innovative relationships to help us better leverage the loans in concert with our technical support, social development investments and coffee purchases. The fund will also expand into the Africa and Asia-Pacific farming regions.
Our Lending Organizations
We are investing in better futures for coffee farmers and their communities through our farmer loan program and our relationships with: