The Hershey Company recently announced the launch of its Income Accelerator in the Ivory Coast. The program will support increased incomes for cocoa farming households by providing cash transfers and investments in village savings and loan associations.
The Income Accelerator offers a proven, multi-faceted approach to help address cocoa farmer poverty while also supporting sustainable farming practices and mitigating the risk of child labor. As part of the Income Accelerator, Hershey, in partnership with the Rainforest Alliance, will distribute mobile cash transfers of up to $600 per household per year to approximately 5,000 cocoa farming households within its supply chain. These transfers, which will offer an additional source of income for households, will be based on the adoption of sustainable and regenerative farm management practices that increase farm profitability and resiliency to unexpected environmental circumstances.
The Income Accelerator is expected to positively impact no fewer than 20,000 households within Hershey’s supply chain and related communities.