Original disclosure @ DFC website
Updated in EWS Jun 1, 2025
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According to the Bank’s website, the DFC loan will enable Sommalife to expand its operations and increase shea purchases from women smallholder farmers, and eventually expand into additional commodity value chains. Sommalife works directly with smallholder farmers to promote sustainable farming techniques and ensure the long-term preservation of shea parklands. The Project is expected to purchase commodities from 100,000 smallholder farmer suppliers, and provide financial literacy and sustainable agricultural practices training to 120,000 smallholder farmers through a trainer-of-trainers approach. Sustainable agricultural practices to be disseminated include: agroforestry, post-harvest best practices, water management, and preventing deforestation. Sommalife developed farmer training modules in collaboration with researchers from local universities and technical assistance providers, and the company recruited a value chain and community development specialist to lead onboarding and coaching of lead trainers. Sommalife plans to partner with Advans Ghana, a leading microfinance institution in Ghana, to develop and deliver financial literacy training.
The Project has been screened as Category B because impacts are site-specific and readily mitigated. Operational activities include buying/selling shea nut, providing training to farmers, operating and facilitating seedling nurseries and facilitating loans to a limited number of smallholder farmers.
$1,000,000 DFC USD-equivalent Principal & Interest Synthetic Local Currency Loan (SLCL) in GHS, senior/unsecured
Sommalife is a shea-nut processing/distribution company that works primarily with rural women groups in in northern Ghana.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Sommalife Limited | Client | - |
No contacts available at the time of disclosure.
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