Home Mountain Hazelnuts Bhutan Mountain Hazelnuts Bhutan In brief Mountain Hazelnuts is a regenerative agriculture company operating in Bhutan. The company works with ca. 8,000 smallholders and has planted more than 1,700 ha of hazelnut plantations since 2011. The business model is based on a partnership with the smallholders and the government of Bhutan. Mountain Hazelnuts produces the seedlings at an existing nursery while planting as well as maintenance of the trees and harvesting of the crop is done by the farmers. Mountain Hazelnuts provides technical, logistical, and operational support and pre-agreed offtake for the hazelnuts. Hazelnuts are sold by Mountain Hazelnuts in-shell or kernel to export markets – mainly to Western premium markets. The funding is used to further scale the operations from the current 1,700 ha to 4,800 ha of hazelnut orchards. In addition, Mountain Hazelnuts will invest additional capex to scale and upgrade the processing facility to match the increasing hazelnut harvest volumes. Main development impact Mountain Hazelnuts produces and processes hazelnuts by applying a smallholder contract farming scheme with regenerative farming methods. The impact-oriented company provides income for farmers and employment in field operations and processing. Hazelnut orchards are established on degraded/fallow lands, and they support climate change mitigation (carbon capture in trees and soil) and adaptation (erosion and flood control). The company is also considered a gender project, although it does not quite yet reach 2X criteria (currently, 44% of farmers are women). Investment details Name: Mountain Hazelnuts Bhutan Project number: 80000469 Region: Asia Country: Bhutan Sector: Agriculture Signing date (month/year): December 2024 Currency: USD Finnfund's financing (commitment): 3,000,000 Instrument: Equity Size of the project financing: USD 7,900,000 Share of Finnfund's financing (%): 38 % Part of the European Fund for Sustainable Development Plus (EFSD+): Yes Status: Active Website: https://www.mountainhazelnuts.com/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Mountain Hazelnuts Bhutan Sector: Agriculture Region: Asia Country: Bhutan Currency: USD Finnfund's financing (commitment): 3,000,000 Signing date (month/year): December 2024 Last update: April 2025