Congratulations to Kampani with its investment in Soprocopiv

BIO sincerely congratulates its colleagues at Kampani with its 500K investment, sourced by BIO, in Soprocopiv, a coffee cooperative in Butembe (North Kivu, DRC), .

01-09-2023

Congratulations to Kampani with its investment in Soprocopiv

The business

Soprocopiv is a farmer cooperative that sources, processes, and markets coffee, cocoa, and other agricultural commodities. There are currently 9,636 members (5,036 members producing Arabica coffee, 2,600 producing Robusta coffee and 2,000 producing cocoa), making it one of the largest agricultural cooperatives in the region. Most of the cooperative’s revenues comes from coffee, but since 2021, it has expanded its commercial activities to include cocoa and cinchona. Soprocopiv coffees have Organic, Rainbow Alliance/UTZ and Fair for Life certification, ensuring it is sustainable. The cooperative also plays a role in facilitating access to production methods and certification for its members. Its 18 washing stations are located close to its producers, to avoid competition from uncertified coffee in neighbouring Uganda.

The investment

Cherries purchased from members are processed and dried at Soprocopiv’s existing washing stations before being transported to Butembo. The cooperative’s goal is to get as close as possible to the producers by increasing the number of washing stations so that coffee can be processed on the same day it is harvested. This will make for better quality, and reduce the risk of side-selling by the farmers who will no longer have to transport the cherries for long distances. As well as financing the building of four new stations, Kampani’s investment will also enable five older ones to be upgraded and modernised. Securing and increasing the coffee supply and improving its quality, is the best route to improving members’ incomes.

Congratulations to Kampani with its investment in Soprocopiv

Social impact

In Congo, some 60 to 70% of the employed population is involved in agriculture. But in terms of contribution to GDP, it accounts for some 20%. The agro-industrial sector is small and underdeveloped with weak value chains. Soprocopiv is recognized as the biggest sustainably certified cooperative in the Butembo region, and the number of members Soprocopiv works with has already made its impact highly visible.

Being part of the cooperative allows farmers in the region of North Kivu, a region which has been politically unstable for many years, to have a reliable off-take and a stable source of income. The cooperatives – spread over 16 villages – are located in remote locations and would not have access to specialty coffee markets on their own. This is where Sorpocopiv’s USP is most visible. For farmers, selling their products to Soprocopiv offers significant opportunities as it is their main source of cash income.

More news

Boost access to international remittances in Africa

 News

Boost access to international remittances in Africa

11-07-2024

IFC arranged a $75 million financing package for TerraPay, which includes a $30 million loan from IFC's own account, a B Loan of $15 million provided by asset manager ILX under IFC's B Loan Program, and a combined parallel loan of $30 million from development finance institutions OP Finnfund Global Impact Fund I and BIO.

Read more
BIO grants a USD 15 million loan to Mutual Trust Bank in Bangladesh

 News

BIO grants a USD 15 million loan to Mutual Trust Bank in Bangladesh

13-06-2024

BIO Supports MSME Growth and Sustainability in Bangladesh with USD 15 Million Loan to Mutual Trust Bank

Read more
Climate Strategy Publication

 News

Climate Strategy Publication

18-04-2024

BIO has published a renewed Climate and ecological sustainability strategy for BIO’s investments.

Read more