IFC and Cargill to invest U.S. $2.5 million to expand business skills program for cocoa farmer cooperatives
London, UK – 7 October 2014- The International Finance Corporation (IFC) and Cargill are investing U.S. $2.5 million to strengthen and expand the successful Cargill Coop Academy in Côte d’Ivoire to provide greater access to advanced business skills training for over 300 cocoa cooperative leaders.
The Cargill Coop Academy, established in 2013, was the first of its kind in the cocoa sector and remains unique in providing cooperative leaders with the management skills to improve the day-to-day running of their organizations and make their organizations more professional, efficient and successful.
|“The Coop Academy remains a unique program that is giving the leaders of farmer cooperatives the skills, training and support they need to help their businesses succeed," -Jos de Loor, president Cargill Cocoa & Chocolate Europe, Middle East, Africa & Asia.|
The initiative was launched under the Cargill Cocoa Promise, with 40 leaders from 10 cooperatives already benefiting from training and support provided by the Coop Academy. This additional investment will take the program to the next level, increasing the number of participants to over 300, professionalising the training and materials and including the introduction of a new evaluation and benchmark tool that has been co-developed by IFC and SCOPEinsight, an independent agricultural assessment agency.
Jos de Loor, president of Cargill Cocoa & Chocolate Europe, Middle East, Africa & Asia said; “The Coop Academy remains a unique program that is giving the leaders of farmer cooperatives the skills, training and support they need to help their businesses succeed. Successful cooperatives are critical to supporting the future of cocoa farming and cocoa communities. Our partnership with IFC will mean we will reach 70 new cooperatives and their leaders, benefitting more than 60,000 smallholder farmers and their communities.”
The program continues to include all aspects of management training from good governance, the structure and principles of a cooperative, people management skills, operational management, financial and auditing techniques, and business and marketing plans. Since the program’s launch, the training has been improved based on feedback and recommendations from the IFC. The Department of Foreign Affairs, Trade and Development Canada is also contributing to the project as a donor to IFC.
German Vegarra, IFC’s Head of Manufacturing, Agribusiness and Services for Sub-Saharan Africa said: “Smallholder farmers represent 80% of all farms in Africa. Private sector companies such as Cargill play an important role in supporting farmers and agribusiness on the continent. By supporting the development and professionalism of the farmer cooperatives, the Coop Academy will indirectly equip farmers with the skills they need to grow, access markets and secure their livelihoods.”
The 70 cooperatives will now undergo evaluation at the start of the program in order to identify areas of weakness and determine the focus of their personalized coaching for the year. Progress will then be evaluated at the end of the coaching period. The SCOPEinsight tool, will be used to assess the level of professionalism of farmer groups against eight key dimensions and is key to not only personalising the training but to measuring the success and impact of the Cargill Coop Academy overall.
Sinan Traoré, president of the Cooperative CAYAT in Adzope, participated in the first set of training and explains what changes they have made since and the benefits; “Thanks to the training from the Cargill Coop Academy we realized the importance of hiring a professional controller to help manage our financials and optimize our regional organization. The new controller with support from the Coop Academy coach successfully analyzed our cost structure and defined a game plan to reduce operational costs by 20-30% and this is only one of the actions defined in our three year development plan!”
The Cargill Coop Academy was developed and is implemented by TechnoServe, a non-profit organization that provides business solutions to poverty in partnership with INPHB (Côte d’Ivoire’s leading university). It is supported by the Sustainable Trade Initiative (IDH) and the Department of Foreign Affairs, Trade and Development Canada is also contributing to the project as a donor to IFC.
Louis de Schorlemer, +32 15 401 636, [email protected]
Zibu Sibanda, +221-33-859 -7117, [email protected]
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About the Cargill Cocoa Promise
The Cargill Cocoa Promise is our commitment to improving the livelihoods of farmers, their families and their communities, and, in doing so, securing a long term supply chain of cocoa. We focus our efforts on three key areas: farmer training, community support and farm development.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit www.ifc.org.