Securing Credit for Cocoa Farmers
Though fertilizers have the potential to double cocoa yields on smallholder plots, most Nigerian farmers don’t have access to the credit they need to purchase these inputs. As a result, Nigerian cocoa producers are achieving only 30 percent of their potential yields. In 2012, the World Cocoa Foundation launched the African Cocoa Initiative to increase productivity and food security on diversified cocoa farms across West Africa. Building on its success supporting the cocoa sector in Côte d’Ivoire and Ghana, TechnoServe will play a key role in a pilot project linking an expected 500 smallholder Nigerian cocoa farmers to input credit by 2015.