Colombia: Starbucks Partners with NGOs to Invest Nearly $5 Million USD in Colombian Coffee Industry

Jul 13, 2017 | Jared Wade, Finance Colombia
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Seattle-based coffee giant Starbucks announced this week that is has expanded its program to help to support coffee farmers in Colombia with loans, technical training, and better agricultural technology. The initiatives, which extend and increase efforts underway since at least 2013, will invest nearly $5 million USD that is intended to benefit rural growers. Specifically, the company will aim toward supporting women and those located in historical conflict regions where the national government is pushing crop-substitution programs that allow farmers to replace coca fields with legal alternatives.