Nicaragua - Prefinancing producer organisations in the coffee supply chain

The Progreso Fund provides smaller producer organizations that don’t have access to finance yet or are in early stages of development with small loans for working capital. There is a high demand for these types of loans, because we see a shift to bigger minimum loan sizes from social lenders like Rabo Rural Fund, Oiko Credit, Root Capital etc. leaving a group of cooperatives without funding. Progreso, with long term experience in trade finance and working with smallholders, is willing to fill this gap for loans ranging from USD 15.000 up to USD 100.000. Progreso is working on technical assistance and guides producer organisations in becoming more sustainable businesses. Access to (first) credits is part of this guidance and included in our work. With the development of Beyco, contracts that are signed on the platform can be pre-financed by the Progreso Fund.