bioRe - certified organic cotton from Tanzania
bioRe Tanzania Ltd is a sourcing company for certified organic cotton. It sources directly from around 1,700 farmers in the north of Tanzania and contracts a ginnery for the ginning of the seed cotton. bioRe sells its cotton to Remei, a Swiss supplier of certified organic garments who has co-developed highly successful organic brands with its key buyers, such as supermarket chain CO-OP Switzerland.
With a trade finance loan provided by Triodos Sustainable Trade Fund bioRe Tanzania can pay its farmers upon delivery of their cotton. The loan bridges bioRe's cash-flow deficit from harvest time until final payment by the buyers.
Fund manager Koert Jansen: 'bioRe's model is one of the most innovative and progressive sustainability initiatives in the cotton sector and matches fully with the philosopy of Triodos Sustainable Trade Fund. For us it is essential that the exporter's relationship with the farmers is very strong, and this is the case with bioRe. Equally important is the relationship with the buyers. bioRe's buyer, Remei from Switzerland, is a committed, professional and long-term buyer for the organic cotton. They are trading on a commercially sound basis, combined with the guiding aim of supporting their supplier's development.'
Click here for more information on bioRe Tanzania.
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