We believe that when women are empowered, the world is a better place today and tomorrow. In fact, women tend to invest more in their children’s future and in their communities. They are the catalysts for positive change in cocoa-growing communities.
VSLAs (Village Savings & Loan Associations) enable women to pool savings and raise resources to improve their family’s livelihood or to fund household needs. By providing women with access to financial services such as savings and credit, it can enable first steps towards economic empowerment. Access to income-generating activities can offer women access to the workforce, as well as strengthen their resilience when faced with major crises. Through financial independence, women gain more power and self-confidence to make decisions that affect their future.
Via the Cocoa Horizons Foundation, you support access to VSLAs enabling women to raise money for investing in their own businesses like poultry farming, vegetable, rice cultivation or for sending children to school. In Côte d’Ivoire, Ghana and Cameroon, 800 VSLAs were established in the 19/20 crop year including more than 8000 women members. Cocoa Horizons plans to double this number this year and foresees to scale up to potentially 3000 VSLAs by 2025.