Ethiopia Nespresso (IFC-601633)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Specific Location
Oromia region, Ethiopia
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 27, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Nespresso
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 12, 2017

Disclosed by Bank May 18, 2017


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Project Description
IFC is complementing a loan transaction to Nespresso with an Advisory Services initiative to increase farmer productivity by integrating a broad range of ecological considerations and wildlife preservation in the region of Oromia. The initiative is part of an alliance with the BioCarbon Fund from the World Bank in which grant funds will be used to train coffee farmers with practices that will meet Nespresso's AAA Sustainable Quality program. According to the bank website: "Smallholders participating in the project will be trained with skills to better manage the coffee crop, on benefits in using shade trees, prevention of deforestation and improving the quality of coffee produced. The improved agronomic, environmental and social practices will ultimately improve livelihoods of coffee farmers and their families."
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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