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The Coffee Development Fund (CoDF) is established under
the provisions of the Coffee Act, 2001, as amended by the
Finance Act, 2005. It is a state corporation under the Ministry
of Agriculture.
The purpose of
the Fund is to provide sustainable and affordable credit
to coffee farmers for farm development, farm inputs, farming
operations and coffee price stabilization. Towards this
end, the Government appointed and gazetted a Board of Trustees
for the Fund through Gazette Notice No. 3188 of 5th May
2006 and the Board was subsequently inaugurated on 15th
May, 2006.
CoDF's VISION
A vibrant, sustainable and profitable coffee industry.
OUR MISSION
Accelerate production of high quality coffee and improved
farmer earnings, by providing accessible, affordable credit
and financial solutions to the coffee sector.
OUR
OBJECTIVES
i) To develop the Fund and increase its
loan assets
ii) To ensure effective loan recovery and risk
management
iii) To efficiently and effectively disburse funds
via intermediaries
iv) To facilitate accessibility of affordable credit
and inputs to farmers
v) To develop the Fund’s organisational
capacity.
vi) To establish operational linkages with key stakeholders.
CoDF SOURCES OF
FUNDS
Sources of funds shall include:
Monies provided by Parliament specifically for the purpose
of the Fund
Monies provided by bilateral and multilateral donors.
Interest on loans and advances, and
Any other source approved by the Board of Trustees. |