Soft commodity supplier Armajaro Trading Limited has won a US$55mn loan from the IFC to boost its agricultural supply chain business.

The loan also comes in part from the IFC’s African, Latin America and Caribbean fund.

The proceeds of the loan will help Armajaro to ethically source cocoa and coffee, develop sustainable farming practices and improve traceability within its supply chains. It will also help the company maintain closer contact with farmers and cooperatives and offer value-added services, such as long-term supply agreements and price risk management.

Armajaro has operations in more than 20 countries including Brazil, Colombia, Ecuador, Ghana, Kenya, Indonesia, Nigeria, Tanzania, and Vietnam.