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Barry Callebaut Cote d'Ivoire RSF
Summary of Investment Information

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein that has been prepared by the project sponsor, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
The SII is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors.

Project number 36210
RegionSub-Saharan Africa
Company nameSOCIETE IVOIRIENNE DE CACAO BIOPARTENAIRE
Country
Cote D'Ivoire
SectorA-AD - Coffee, Cocoa, Tea
Department
Environmental categoryA
StatusActive
Date SPI disclosedFebruary 2, 2016
Projected board dateMarch 31, 2016
Previous EventsSigned: June 27, 2016
Approved: June 24, 2016
View Environmental & Social Review Summary (ESRS), click here
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IDocumentation  

Project Description
The proposed project is a risk sharing facility with each of Société Africaine de Cacao (SACO) and Biopartenaire (BP), two subsidiaries of Barry Callebaut, to provide loans in the form input/services to farmers associated with cooperatives supplying cocoa to SACO and farmers supplying cocoa to BP. IFC will have a 50% credit risk exposure on a portfolio of short-term input/services loans for a total target size of up to US$9 million in CFA Francs equivalent.
Associated Advisory Engagement
An associated advisory project will support the Sponsors in building capabilities of Trainers of Trainers to capacitate Field Agents to operate the system and coach farmers in their farm management business decisions. It may also be expanded to complement the Sponsors existing procedures to identify farmers suitable for the product; support the Sponsors in continuously improving credit risk management processes; and support participating cooperatives to operate the scheme.

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