By William Davison Bloomberg September 17, 2010 International Finance Corp., the World Bank’s private-investment arm, started a loan-guarantee facility worth as much as $30 million for Nib International Bank SC to support Ethiopia’s coffee industry. The guarantee is expected to result in lending to an additional 70 coffee cooperatives in the first year and the production of an extra 3,542 metric tons of beans and 2,000 jobs over three years, IFC said today in a statement handed to reporters in Addis Ababa, Ethiopia’s capital. The guarantee will enable NIB to provide loans worth as much as $12.5 million for the 2010 coffee season, increasing to $25-30 million by 2013, according to the statement. “This facility reduces NIB’s financial risk of lending to coffee-farmer cooperatives and will go a long way to strengthen NIB’s commitment to expand support to small farmers in the coffee sector in Ethiopia,” the bank’s president, Amerga Kassa, said in the statement. Ethiopia, Afric...