Cargill and IFC announce Coop Academy 2.0 to empower cocoa producing cooperatives

Cargill and the International Finance Corporation (IFC) have renewed their partnership, allowing the organizations to introduce new initiatives to strengthen cocoa producing cooperatives and their communities, including Coop Academy 2.0. The renewed partnership will add 40 additional cooperatives to the academy, bringing the total to 120 cooperatives reached through training and tools to improve their cocoa business, improve sustainability and increase profitability.

The Cargill Coop Academy, first established in 2013, was the first of its kind in the cocoa sector. The model provides cooperative leaders with the management skills to improve daily operations of their organizations, leading to a more professional, efficient and successful business.

Lionel Soulard, managing director of Cargill Cocoa & Chocolate in West Africa, said “The cooperative model has proven to be an exceptional method to bring cocoa farmers and their communities lasting benefits. By gaining invaluable skills and tools to professionalize their business, we see them independently driving impactful sustainability projects that bring meaningful change to their communities and the cocoa sector at large.”

The renewed partnership will introduce an improved Coop Academy 2.0 program. An additional 40 cooperatives, will have access to training in capacity building, management and governance, adding to the 80 cooperatives already enrolled in the program will feature updated training with an even stronger focus on digitalization and traceability, based on learnings from the first phase, to provide cooperatives stronger data and analytics to inform critical business decisions.

The digital program will provide 35,250 farmers with access to a digital payments platform, enabling utilization and access to digital financial services. Measurement and benchmarking, using a tool developed by IFC and SCOPEInsight, an independent agricultural assessment agency, will measure the impact and increase business opportunities for over 125,000 farmers.

Coop Academy 2.0 is also adding training and support fully dedicated to women’s groups, with the aim of coaching 250 women leaders. The initiative will also include tools and resources to help 3,000 women setup income-generating activities, to raise the earning potential of their families and build the economic viability of their community.

www.cargill.com