Root Capital and Keurig Dr Pepper Announce the Indonesia Resilient Coffee Initiative with USAID
New partnership will accelerate inclusive economic growth and support resiliency for 14,000 smallholder coffee farmers
Cambridge, MA, Burlington, MA and Plano, TX – December 19, 2023 — Root Capital and Keurig Dr Pepper today announced the launch of the Indonesia Coffee Enterprise Resilience Initiative (Resilient Coffee), a collaboration with the U.S. Agency for International Development (USAID).
Coffee farming communities in Indonesia face a number of simultaneous crises: including market volatility, climate change, and gender inequity. These factors and others pose critical challenges to rural communities and agricultural enterprises. Across Aceh, East Java, and North Sumatra, Resilient Coffee will support 14 coffee enterprises reaching 14,000 smallholder farmers as they promote sustainable economic growth that balances the needs of people and the planet.
USAID Indonesia Mission Director Jeffery P. Cohen said, “A lack of business management skills and access to credit impedes coffee enterprises from harnessing their full potential for growth. USAID’s collaboration with Root Capital and Keurig Dr Pepper will expand public-private capacity and commitment to strengthening and increasing inclusive economic growth, as well as prioritizing investment in women’s economic empowerment and building resilience against climate change.”
Throughout the three-year project, businesses will build their holistic resilience through financing and training from Root Capital. Capitalizing on Keurig Dr Pepper’s private sector leadership, USAID Indonesia’s local expertise, and Root Capital’s proven work with coffee enterprises, Resilient Coffee will build smallholder resilience by:
- Expanding access to finance for enterprises that otherwise cannot acquire lines of credit or business education opportunities;
- Strengthening gender equity by equipping women with tools for success and working with businesses to expand their gender-inclusive practices;
- Implementing new digital solutions with coffee enterprises to improve business management and resilience; and
- Deepening climate action in the coffee industry focused on mitigating climate change, protecting vulnerable ecosystems, and supporting rural communities as they adapt to already-present climate impacts.
“Root Capital has been a long-time believer in public-private partnerships to tackle the intersecting challenges facing our world,” said Willy Foote, Founder and CEO of Root Capital. “We have worked with Keurig Dr Pepper and USAID on a number of exciting projects in the past, and we are particularly excited for the potential to launch this new project working directly with the USAID Indonesia mission. The USAID Indonesia team adds even more local expertise, allowing us to go even further in support of our clients in rural communities.”
Keurig Dr Pepper’s SVP & Chief Sustainably Officer, Monique Oxender, agrees with the approach, further adding, “Keurig Dr Pepper has a deep-rooted commitment to improve livelihoods, safeguard the future of coffee and help coffee growers build resiliency to climate and economic impacts. It is through the power of collective action and our long-standing USAID and Root Capital partners that we are able to invest in impactful and innovative solutions that help address the challenges facing smallholder coffee growers."
For more information, contact:
- Maureen McGregor, Root Capital, email@example.com
- Laren Marra, Keurig Dr Pepper, Laren.Marra@kdrp.com