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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 Cote 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 organisations and make their organisations more professional, efficient and successful.

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 and 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 famers 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 personalised 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 organisation that provides business solutions to poverty in partnership with INPHB (Cote 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.


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About Cargill

Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 142,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.

About Cargill Cocoa & Chocolate
Cargill Cocoa & Chocolate offers the food industry a wide range of both standard and customised cocoa and chocolate ingredients to be used in delicious bakery, confectionery, and dairy applications all over the world. Our product range includes high quality Gerkens® cocoa powders, chocolate including Wilbur®, Peter's® and Veliche®, coatings, fillings, cocoa liquors and cocoa butters. With years of experience in technical food expertise Cargill supports its customers in new recipes and new product development.

Our facilities in Belgium, Brazil, Canada, Côte d'Ivoire, France, Germany, Ghana, the Netherlands, UK and the USA are fully dedicated to produce in accordance with the highest food safety standards.

To secure a good quality and sustainable supply of cocoa beans we have our own cocoa bean sourcing operations for buying, handling and/or exporting of cocoa beans in Brazil, Cameroon, Côte d'Ivoire, Indonesia and Vietnam. Presence in all the leading producing countries allows Cargill to oversee the supply chain from beans at origin to cocoa and chocolate products on our customers' doorstep. In addition, extensive market research and analysis proves to be a source of valuable information to our customers.

For more information, please visit: North America www.cargillfoods.com/chocolate