Ocean SA - Funding to support Fair Trade cocoa production
Funding to support Fair Trade cocoa production
Fair tradeTrade in products that have been certified and carry a fair trade label. An example of this is a farmer’s cooperative that collectively sells its cocoa to a fair trade organization.
Ocean SA (Ocean), founded in Abidjan in 2013, is an independent Fair Trade cocoa and cashew nut exporter in Ivory Coast. The company sources its products from more than 3,000 cooperative farmers in three rural districts. Its main objective is to liaise between local cocoa cooperative farmers and international buyers.
Ocean aims to increase the revenue and improve the quality of life of its suppliers with whom it has established strong and long-term relationships. This allows the cooperatives to grow and become more independent.
The Fair Trade label allows Ocean to charge clients a premium, which is passed on to the cooperatives and used for various social welfare activities. For example, one cooperative has built a school and funds the tuition fees for children from disadvantaged families.
Ocean SA has been an Oikocredit partner since 2017.Download this project as a PDF