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This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value chain operations in the three countries concerned, to help local farmers and soft commodity suppliers to grow their revenues and produce quality crops for export. Specifically, the facility will be used to provide funding to purchase farm inputs (mainly fertilizer) to be supplied to farmers so as to ensure consistency and quality of the commodities being supplied to Meridian; purchase of soft commodities from over 10,000 farmers in Malawi, Zimbabwe and Mozambique; and, upon purchase of the soft commodities, provide working capital to Meridian to enable the company engage in basic processing of the soft commodities prior to export.
Status
Active
Start Date
2017
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
32
Amount in USD (in million)
20.80