SIB Cargill

$4 million investment to provide leased trucks to cocoa cooperatives in Cote d’Ivoire

Since the end of its civil war and the formation of a new government in May 2011, Cote d’ivoire has experienced a swift economic turnaround. The country is the world’s largest cocoa producer with a record output for the 2013/14 crop season of 1.74 million tons, representing 40 percent of global cocoa production.

 

This project provides truck leases to up to 100 cooperatives supplying cocoa to Cargill West Africa, a subsidiary of one of the world’s largest commodity traders. The new trucks will enable the cocoa cooperatives to collect more cocoa from farmers and improve their income. It will also help the cooperatives establish and build a credit history with banks to facilitate future financing.

 

 

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