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Fair trade (Social)
The trade finance portfolio of Triodos Sustainable Trade Fund also includes certified organic and fair trade honey and beeswax from Ethiopia, the leading Africa honey producer. The honey is sourced, processed packaged and exported to Europe by Beza Mar Agro Industry (Bezamar).
Bezamar works with 450 farmers, encouraging them to change their beekeeping from a side-line activity to their major source of farm income.
The trade finance by Triodos Sustainable Trade Fund enables Bezamar to pay the farmers directly upon delivery of their produce.
KEY INDICATOR as of 31 December 2015:
- number of farmers: 450
Smallholder farmers in developing countries do not necessarily reap the rewards of a complex international trade system. So, by financing fair trade enterprises we aim to make sure that individuals and their families are paid fairly for their products.