Export Financing Facilities

It is well known that Ethiopia is commonly recognized as the birthplace of coffee, and produces some of the most exceptional and dramatic coffees. Currently an estimated 15 million Ethiopians are employed by the coffee industry, and the country is hugely reliant of coffee as a major source of export earnings. Accordingly, farmer cooperatives are hugely engaged in the production, processing and marketing of coffee. The Coopbank, therefore, is well known ally and trademarked financer of coffee cooperatives from production till export to global market. The bank offers export financings and trade facilities including preshipment loans, export term-loans, advance payments, letter of credit and cash against document facilities for coffee exporting cooperatives. Likewise, the bank finances and offers export facilities for cooperatives on pulses, sesame and other exportable items.