Mountain Hazelnuts

Mountain Hazelnuts ('MH') is a social enterprise partnering with over 12,000 farmer households and community groups to plant 10 million hazelnut trees across the Himalayan Kingdom of Bhutan.[1] MH is Bhutan's largest private sector employer, and endeavors to create shared value for rural mountain communities, shareholders, and the natural environment.[2][3]

Mountain Hazelnuts
IndustryAgroforestry
Agribusiness
Sustainable Agriculture
Founded2009
FounderDaniel Spitzer
Teresa Law
Headquarters
Lingmethang
Thimphu
,
Bhutan
ProductsHazelnuts
WebsiteMountainHazelnuts.com

According to a May 2010 article in Forbes, the Company "represents the first major foreign direct investment in Bhutan’s history."[4]

The Company provides young hazelnut trees, inputs, and technical assistance to rural smallholder farmers.[5] Once the trees mature, the Company purchases hazelnuts harvested from their partner growers, which are then processed for export to premium international markets.[5]

Partners

In 2015, the International Finance Corporation (IFC), Asian Development Bank (ADB), and The Global Agriculture and Food Security Program (GAFSP) joined the venture to offer a blended financing package – combining equity and non-traditional debt.[6]

In 2018, MH secured US$3 million in debt financing from Ceniarth.[6]

In 2019, MH secured a US$9 million long-term financing agreement with the United Nations-affiliated Land Degradation Neutrality Fund (LDN), managed by Mirova/Natixis.[6]

References
  1. Lee, Louise (June 6, 2012). "Big Business in Bhutan: How the Humble Hazelnut Could Help Bhutan". Stanford University Graduate School of Business.
  2. Shared Value Project Hong Kong (April 2, 2020). "Creating Shared Value in Bhutan – How Hazelnuts Impacted an Entire Nation". Shared Value Project Hong Kong.
  3. Chandran, Rina (4 August 2020). "Tech helps cashmere herders, hazelnut farmers fight soil erosion in Asia". Reuters. Retrieved 10 October 2020.
  4. Andelman, David A. (May 2, 2010). "Happiness and Hazelnuts". Forbes.
  5. Business Call to Action (June 2020). "Mountain Hazelnuts: Impact Management Case Study" (PDF). United Nations Development Programme (UNDP). {{cite web}}: |last1= has generic name (help)
  6. Avery, Helen (October 10, 2019). "How Bhutan built conservation finance into its DNA". EuroMoney.
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