The Fairtrade Access Fund provides its first loan to COPROCAEL in Honduras. The new fund, run by Fairtrade International, Inc fin savings Management and Grameen Foundation, is offering a range of loans and technical assistance to Fairtrade certified farmers organizations.
Cooperative De Productizes De Cafe Incarnation Limited [COPROCAEL] in Honduras received a trade money loan of US$ 570,000 to purchase the coffee of its 175 member farmers during the harvest season. The coffee will later be export to the American and European market.
COPROCAEL is one of the leading coffee cooperative in the western region of Honduras, accounting for 6.5% of local production. The cooperative has high efficiency thanks to New Coffee Plants and best-in-class agricultural practices, included crop management, value controls and farm improvement by its members. Its Fairtrade Premium projects include a quality laboratory, plant, warehouses and tools.
COPROCAEL was customary in 2000 and received Fairtrade certification in 2008. In June 2012 the cooperative produced 3,620 tons of coffee. COPROCAEL is a portion of the Small Producers Organizations in Latin America and The Caribbean.
The Fairtrade Access Fund, announced in April, is completely operational and open to savings opportunities. It now offers loans and technical assistance to Fairtrade organizations in Latin America and will expand to other regions in future.