Bamboo Capital Partners backs Rwandan coffee company
Bamboo Capital Partners, the specialist impact investor in emerging and frontier markets, has invested over $510,000 in Green Mountain Arabica Coffee (GMAC) through its BUILD Fund and together with the Rabo Foundation.
The BUILD Fund, an impact fund upon which Bamboo partners with the United Nations Capital Development Fund (UNCDF) and the Government of Luxembourg, is a blended impact finance vehicle designed to support business opportunities that contribute to the UN’s Sustainable Development Goals (SDGs) in lower-income countries.
GMAC was established in 2012, as a producer and exporter of green coffee, that is unroasted coffee beans. The BUILD Fund investment will allow GMAC to expand and improve its products and services.
The company has been successful in securing contracts with major international buyers such as Olam Group (Singapore), Make & Grow (Thailand), Ataka (Japan) and Sasini Plc (Kenya).
Jean-Philippe de Schrevel, founder and managing partner of Bamboo Capital Partners says, “The BUILD Fund continues to fulfil its mission to accelerate progress towards the SDGs. This significant investment in Rwandan green coffee company, Green Mountain Arabica Coffee, will secure decent, well-paid jobs, which in turn supports worker’s communities and lift people out of poverty.”