Givaudan Launches Micro-Financing Project To Support Patchouli Farmers In Indonesia
Tuesday, December 1st, 2020 | 342 Views
Givaudan has launched a new project making available a total of USD 360,000 in micro-financed loans for farmers and distillers in Indonesia. The loans will enable farmers and distillers to improve the sustainability of their farming practices and to improve yields. Individual loans for farmers will range from around USD 360-1,800 per person and distiller loans will range between around USD 11,000-36,000 depending on the size of the distillation unit.
“Driven by our purpose, we want to ensure that all communities benefit from working with Givaudan. This project enables us to directly improve the lives of farmers and distillers by empowering them to grow their businesses in a sustainable way and benefitting the wider community in the process,” commented Willem Mutsaerts, Head of Global Procurement and Sustainability for Givaudan.
Givaudan’s Origination team has been sourcing patchouli in South East Sulawesi province since 2012. Since then, this work has increased in scale and we now collect over 20 percent of patchouli available to the market from an expanded area which includes South East, South, West and Central Sulawesi.
This new project is one of a number of initiatives designed to support patchouli producers in Indonesia and among the initiatives are programmes focused on equipping farmers and distillers with sustainable agriculture skills.
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