Sustainable improvement of cocoa farmers' incomes in Cote d'Ivoire
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Context
- Cocoa farming contributes around 20% of Côte d'Ivoire's GDP and provides a livelihood for 1 million families.
- These households remain vulnerable due to their low average incomes, agricultural practices that still need improvement, and low resilience to shocks (climate hazards, health, various risks).
- The low level of financial inclusion prevents them from accessing the financial and insurance instruments that would enable them to obtain and secure decent incomes.
Transformative approach
Improve the incomes and financial inclusion of 13,500 cocoa-producing and farming households (reducing the average decent income gap from 50% to 30%) across 20 cooperatives and 270 VSLAs:
- Strengthen impact by offering products and services that are more tailored to VSLAs and smallholders.
- Support the digitization of payments in cocoa-growing communities.
- Ensure partner coordination and project monitoring and evaluation.
Our achievements
- + 13,800 farmers trained in financial literacy, including 31% women VSLA members.
- + 5,600 new farmer accounts opened, 880 million CFA francs in deposits mobilized, + 1.5 billion CFA francs in loans disbursed to cooperatives, farmers, and VSLAs.
- New financial products launched (collective IGA loans, motorcycles, and tricycles), secure digital payments (+5,900 beneficiary farmers, 281 million CFA francs in premiums paid).
