Diversification of our lending
We have further diversified the products our lending supports to mitigate against risk exposure in coffee. Subsequently, coffee lending reduced by 4%, and we increased the number of honey producers we lend to by four (three in Mexico and one in Nicaragua) and also provided a line of credit for three new products within our lending portfolio: flowers (Kenya), coconuts (Ghana) and alpaca fibre (Peru).
Peru continues to play an important role within our lending portfolio, with payments totalling £18.4m to 51 customers based there, of which 35 are coffee or cocoa producers. However, there has been a growth in new products such as palm hearts, gold, and asparagus.
You can view the full version of our Impact Report here.Back to Aim 1