Publication:
Opportunities for Digital Financial Services in the Cocoa Value Chain in Côte d’Ivoire: Insights from New Data

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dc.contributor.authorLonie, Susie
dc.contributor.authorMartinez, Meritxell
dc.contributor.authorOulai, Rita
dc.contributor.authorTullis, Christopher
dc.date.accessioned2018-08-14T16:06:33Z
dc.date.available2018-08-14T16:06:33Z
dc.date.issued2018
dc.description.abstractCôte d’Ivoire has the world’s largest cocoa sector, producing over 1.4 million metric tons of raw cocoa per year, accounting for thirty two percent of world production. Harvest payments often arrive late due to the complex logistics of cash-based payments and, it is not uncommon for the amount farmers receive to be somewhat below market value due to high commissions taken by chains of intermediary middlemen. Cognizant of these costs and inefficiencies, many actors in the cocoa value chain are exploring alternatives. One such alternative is paying farmers through Digital financial services (DFS). This research focuses specifically on mobile money accounts and discusses, first, how these have already expanded financial inclusion in Côte d’Ivoire and, secondly, how mobile money could help deliver products to cocoa farmers that meet their needs. The study is a knowledge product of the Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance digital financial services in Sub-Saharan Africa. It is organized as follows: The first section reviews the financial inclusion landscape in Côte d’Ivoire, revealing that DFS has unusually high penetration in rural areas. The second section analyzes the specific financial behavior of cocoa farmers based on new data collected by IFC,and is followed by a third section presenting a framework for how DFS could help improve farmers’ lives. The report concludes with a call to stakeholders to keep piloting and innovating with products and payment channels that cater to the financial needs of rural communities in Côte d’Ivoire and beyond.en
dc.identifierhttp://documents.worldbank.org/curated/en/782461531301524037/Opportunities-for-digital-financial-services-in-the-cocoa-value-chain-in-Côte-d-Ivoire-insights-from-new-data
dc.identifier.doi10.1596/30203
dc.identifier.urihttps://hdl.handle.net/10986/30203
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFARMER
dc.subjectMOBILE BANKING
dc.subjectDIGITAL FINANCE
dc.subjectACCESS TO FINANCE
dc.subjectFINANCIAL INCLUSION
dc.subjectFINANCIAL SERVICES
dc.subjectCOCOA
dc.subjectCOCOA PRODUCTIVITY
dc.subjectCOCOA PRICE
dc.subjectVALUE CHAIN
dc.titleOpportunities for Digital Financial Services in the Cocoa Value Chain in Côte d’Ivoireen
dc.title.subtitleInsights from New Dataen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleOpportunities for Digital Financial Services in the Cocoa Value Chain in Côte d’Ivoire
okr.date.disclosure2018-07-11
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Commodities Study
okr.docurlhttp://documents.worldbank.org/curated/en/782461531301524037/Opportunities-for-digital-financial-services-in-the-cocoa-value-chain-in-Côte-d-Ivoire-insights-from-new-data
okr.guid153961531302059044
okr.guid782461531301524037
okr.identifier.doi10.1596/30203
okr.identifier.externaldocumentum090224b085d6e51d_1_0
okr.identifier.internaldocumentum30250397
okr.identifier.report128223
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/782461531301524037/pdf/128223-WP-IVC-ENGLISH-Digitizing-Cocoa-Value-Chain-PUBLIC.pdfen
okr.region.administrativeAfrica
okr.region.countryCote d'Ivoire
okr.topicAgriculture::Agricultural Sector Economics
okr.topicAgriculture::Crops & Crop Management Systems
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicInformation and Communication Technologies::ICT Economics
okr.unitDigital Finance - FIG (CFGDF)
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