Oikocredit € 4 million loan to TAN Mondial will benefit Côte d’Ivoire cocoa and cashew cooperatives

Oikocredit has provided € 4 million in credit to leading soft commodity trading company TAN Mondial and its local affiliate, TAN Ivoire, to underpin TAN’s operations growth in partnership with Ivorian smallholder cooperatives. 

This strategic three-year financial collaboration will facilitate TAN’s sourcing of certified cocoa beans and traceable cashew nuts from smallholder farmers and cooperatives in Côte d’Ivoire and strengthen the company’s sustainability programmes in the West African country. TAN Ivoire, which connects Ivorian cooperatives and smallholders to global markets, aims to achieve Rainforest Alliance certification for the produce. 

The partnership is expected to assist close to 3,000 smallholder cocoa and cashew growers in gaining access to a reliable market for their produce and their integration into a certified supply chain, resulting in a notable improvement in their income levels.   

Read the press release here