The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB), has approved a US$326,705 grant for a project with Exportadora Atlantic that will help Nicaraguan coffee producers combat the effects of coffee leaf rust. The project will test an innovative model that will provide long-term financing for small and medium-sized coffee growers through a specialized private trader that will disburse loans to producers working in its value chain.
The MIF will support the management of Atlantic’s credit portfolio for small Nicaraguan producers. The project will also finance local climate change assessments and strategies for empowering women farm workers and farm owners.
The project will help approximately 550 farmers, many of whom work less than 12 hectares, replant and renovate their farms. It will provide them with new varieties that are resistant to the fungus and technical support to improve their agricultural practices.