€ 7 million to support smallholder cocoa producers in Côte d’Ivoire
17 December | 2020 Oikocredit’s recent new loans will help with exporting the 2020-21 cocoa production for up to 35,000 smallholder farmers.
Oikocredit is pleased to announce new loans to the following cocoa partners:
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€ 3.5 million to Entreprise Coopérative Kimbe (Ecookim), a union of cocoa cooperatives and a cocoa exporter
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€ 2.5 million to Ocean SA, a cocoa exporter
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€ 1 million to Socak Katana, a cocoa cooperative.
Diane Potey, Oikocredit’s Investment Officer West Africa, said: “By providing smallholder cooperatives with access to affordable financing, Oikocredit supports the growing needs of smallholder farmers. In addition, we help our cocoa partners to strengthen their capacities in financial management, risk management and agricultural practices. Combining funding and capacity building is an important building block to achieve higher social impact in the cocoa sector.”
Archive > 2020 > December
- 17 December | 2020 12/17/20, 12:07 PM - € 7 million to support smallholder cocoa producers in Côte d’Ivoire
- 15 December | 2020 12/15/20, 10:50 AM - Flowers and meal deliveries: how Indians on low incomes use loans to grow
- 04 December | 2020 12/4/20, 4:21 PM - Oikocredit expands its commitment to Mexican SMEs with investment in Aspiria