CashewInformation.com

CashewInformation
News

Home   >   NEWS & VIEWS   >   News

  • Ivorian farmers have limited access to credit (study)

    Mar 14th, 2017

    <p>Abidjan - While agriculture remains the engine of economic growth in C&ocirc;te d&#39;Ivoire, farmers have limited access to financial services, which limits the development of their activities, according to a study published on Tuesday. &quot;95% of farmers are paid cash in cash, and in this situation they can not benefit from financial services for the development of their activities or the needs of their households,&quot; according to a survey In 2016 by the Group Advisory service to the poor, a World Bank research center. &quot;Only 5% of small farmers in the Ivory Coast have an account in a bank,&quot; notes the study, which covered 3,000 households, of which 5,000 are farmers.</p> <p>The study found, however, a positive element: 85% of farmers have a mobile phone and 27% have a mobile money account thanks to their telephone. In C&ocirc;te d&#39;Ivoire, agriculture employs 66% of the active population and contributes 22% to the GDP. Most agricultural households are small producers with an average production area of ​​less than four hectares. Agricultural development plays a key role in reducing poverty in C&ocirc;te d&#39;Ivoire, as the incidence of poverty in rural areas is 56.8% compared to 35.9% in urban areas.</p>


    Source: news.abidjan.net
Top