PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602049

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Dec 14, 2017

Country

Cote D'Ivoire

Region

Africa

IFC Approval Date

May 23, 2017

Status

Completed

Estimated Total Budget

$674,773.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

May 24, 2017

Project Estimated End Date

Dec 31, 2019

Project Description

1) Build sustainable capacity of ECOM through the implementation of IFC's Agribusiness Leadership Program (ALP), so they can effectively equip supplier cooperatives with enhanced business management skills to improve overall level of professionalism; thereby enabling cooperative access to commercial input and asset financing through a proposed IFC transaction consisting of a risk sharing facility through a local bank; increasing sustainability in the cocoa supply chain; 2) Support the set-up of ECOM's own branchless microfinance institution (MFI), by developing a strategy to digitize payments of cocoa farmers, and launch a pilot to test mobile payments.

Development Results

E&S Risks / Impacts and Mitigation