Every year, about $80-$90 US billion dollars is spent on chocolate globally. The demand for chocolates continue to rise as population increases around the world. 77% of the world’s supply of chocolate comes from Africa, my home country Nigeria, along with Ivory Coast and Ghana.
Unfortunately cocoa isn’t being produced in enough quantities to meet the demand for chocolates here in europe and the reost of the world.
photo credit: EverJean
photo credit: alexispz
In West Africa where Nigeria is situated, farmers struggle to access seeds, fertilizer and fungicides to sustain the life and health of the cacao trees as they are vulnerable to pests and fungal infections. Only 54% of farmers in Nigeria have access to funding as high quality pesticides and fertilizers are unaffordable to many farmers, forcing them to use low quality materials.
I love investment resources like Kiva as they help several cacao farmers to raise funds required for growing healthy cacao trees and connect them to new higher value markets. Check them out. Invest in a small business today.
photo credit: denn
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