ImpactAlpha, January 23 — In Rwanda’s Karenge region, women-owned Green Mountain Arabica Coffee exports green unroasted coffee beans that it sources from 1,200 smallholder coffee farmers, one-third of whom are women.
Bamboo Capital has invested $360,000 in the company through the BUILD Fund it launched with the U.N. Capital Development Fund and the government of Luxembourg. The Rabo Foundation, the impact fund of Netherlands-based Rabobank, invested $150,000.
More than half of Green Mountain’s suppliers are certified under the Rainforest Alliance’s UTZ standards for sustainable farming practices.
Green Mountain will use part of the investment to purchase a dry milling plant. Bamboo’s Jean-Philippe de Schrevel said the financing “will secure decent, secure, well-paid jobs, which in turn supports worker’s communities and lifts people out of poverty.”
Jennet Kem, the representative of U.N. Women in Rwanda called the investment “a clear example of a catalytic multi-partner strategic collaboration to expand women’s entrepreneurship and economic empowerment in Rwanda.”