COFIDES supports the consolidation of Supracafé in Colombia

COFIDES has granted a €175,000 co-investment loan to Supracafé, a leading company in the coffee trade, to support its sustainable expansion in Colombia. The financing will help improve operations across the 120 hectares of coffee plantations managed by the company in Cauca, a key region for thousands of producers whose livelihoods depend directly on coffee cultivation. The total investment for the project amounts to €250,000.

The financing, provided through the Fund for SME Investment Operations (FONPYME), will be used to set up a collection center equipped to receive, classify, and store coffee, as well as to acquire machinery that will optimize the coffee production process.

In addition, the investment will enable Supracafé Colombia to advance its transformation into a purchasing hub, optimizing its value chain and enhancing the quality of the 100% Arabica coffee that the company exports to Spain for roasting, packaging, and commercialization.

With this operation, COFIDES contributes to consolidating a sustainable business model that generates rural employment, fosters stability in vulnerable areas, and strengthens the competitiveness of small producers in a sector that is strategic for the country’s economic and social development. Supracafé’s project places special emphasis on the hiring, inclusion, and empowerment of local women, many of whom have been affected by the armed conflict in the region.

Furthermore, Supracafé Colombia has developed the first Coffee Technology Park in Colombia (TECNICAFÉ), a pioneering platform for innovation, technology transfer, and productive strengthening that already benefits more than 35,000 producers and 500 coffee-growing families, reinforcing the sustainability of the sector.

This is the second operation in which COFIDES and Supracafé have collaborated, following their partnership in 2017 under a project for which COFIDES was recognized by UNCTAD for promoting impact investment.

According to Miguel Ángel Ladero, Corporate Director of the Investment Department at COFIDES, “this operation reflects our commitment to supporting Spanish SMEs and the agri-food sector in Latin America. It also strengthens the agrotech ecosystem and contributes to the socioeconomic development of local communities, especially women.”

Ricardo Oteros, CEO of Supracafé, stated that “for SUPRACAFÉ it is very important to once again have the support of COFIDES in the Cauca project in Colombia, a strategic initiative for the company that we have been developing together with local coffee producers for 16 years, focused on producing high-quality coffee with a strong emphasis on innovation and impact, where social and environmental sustainability are essential components.”

ABOUT COFIDES

COFIDES is a state-owned commercial company that manages financial funds from the government, as well as its own resources and those of third-party institutions, with various objectives: the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, promoting the impact economy in Spain, and contributing to the development of the countries in which it invests. In addition to the State, which holds a majority position, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America.

ABOUT SUPRACAFÉ

Supracafé is a Spanish company with over three decades of experience, specializing in the production, roasting, and distribution of high-quality coffee, with a distinctive focus on 100% Arabica specialty coffee. Founded in 1990 and headquartered in Móstoles (Madrid), the company has developed an integrated and sustainable business model that spans from cultivation at the origin to final commercialization.

Supracafé maintains a strategic presence in Colombia, where it directly manages more than 120 hectares of coffee plantations in the Cauca region. Through Supracafé Colombia, established in 2008, the company ensures high product traceability and strict control over its value chain.