Deal Summary
Sukuma Commodities (Sukuma), a Ugandan producer and exporter of green coffee, has secured a $1 million working capital loan from Sahel Capital’s (Sahel) Social Enterprise Fund for Agriculture in Africa (SEFAA) facility to expand its production and export capacity. Sukuma works with over 2,300 Ugandan farmers to source high-quality coffee beans, providing input financing and training on best production practices before processing and exporting coffee products to Europe. The $1 million facility is expected to double Sukuma’s sourcing capacity and allow the company to reduce farmer payment cycles, helping with poverty reduction. SEFAA is a $24 million impact fund seeded by KfW in 2021 to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them. Sahel Capital is the investment adviser for the fund, which provides up to $2.4 million in debt financing to agri-enterprises in Sub-Saharan Africa (SSA).
Terms
- Fund Managers: Sahel Capital Fund: Social
