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FCS RE-Biovanilla

Sector: Raw Materials • Location: Madagascar

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment is an up to US$ 15.75 mn loan to Biovanilla for a short-term (1 year renewable twice) export pre-financing backed by vanilla offtake contracts with reputable offtakers. Funds will be used to purchase and process vanilla. IFC will disburse against offtake contracts. To ensure sustainability and traceability of its supply, Biovanilla is supporting the Exotic Cooperative, whic

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The project “FCS RE-Biovanilla” is an infrastructure initiative in the Raw Materials sector, located in Madagascar. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

The proposed investment is an up to US$ 15.75 mn loan to Biovanilla for a short-term (1 year renewable twice) export pre-financing backed by vanilla offtake contracts with reputable offtakers. Funds will be used to purchase and process vanilla. IFC will disburse against offtake contracts. To ensure sustainability and traceability of its supply, Biovanilla is supporting the Exotic Cooperative, which is Rainforest Alliance certified. The Cooperative provides c. 40% of Biovanilla’s supply and includes about 2,300 vanilla producers spread in agricultural areas in 58 villages, around Sambava in north-east Madagascar. The rest of the supply comes from collectors in the same area.                                                   

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