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$2,198,300.00 (Project budget includes all project-funded activities)
Last Updated Date
Dec 28, 2024
Project Estimated Start Date
May 10, 2019
Project Estimated End Date
Jun 30, 2023
Project Description
The project will target cocoa cooperatives in Cote d'Ivoire to support their business professionalism, carry out baseline and endline ScopeInsight assessments to measure their professionalism, provide customized capacity building, support their integration into the financial system through use of digital payments, and support women to improve incomes through alternative livelihoods.
Development Results
The 4 year advisory project is expected to increase the business professionalism of participating cooperatives, increase their integration to the formal financial system, enhance women's' economic empowerment in cocoa growing communities. Through a parallel investment project, cooperatives will gain access to short-term and medium-term commercial financing.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of farmer groups trained
70
70
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
2
Number of entities receiving advisory services
7
7
Volume of production sold to anchor agribusiness (metric tons/year)
22,000
22,000
Number of farmers reached (direct and indirect)
Not Available
Not Available
Number of women trained by project-trained people and/or institutions
687
687
Number of entities that implemented recommended changes
Not Available
Not Available
Value of financing facilitated (US$)
Not Available
Not Available
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
Initial Disclosure: As part of its due diligence of the existing project with Cargill, and as mandated by IFC's Sustainability Policy, IFC team screened the E&S risks associated with this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 2. Labor and Working Conditions
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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