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As members of the United Nations Global Compact and sectoral initiatives such as the World Cocoa Foundation | #CocoaandForestInitiatives, we are committed to advancing the #SDGs set out by the United Nations. We are particularly dedicated promoting decent work and economic growth (#SDG 8) and addressing income inequalities and discrimination (#SDG10) within and among countries. Our sustainability approach is anchored in collaborating with our partner producers to facilitate sustainable agricultural production and increase living incomes. To achieve this objective, we support the development of Village Savings and Loan Associations (VSLAs). These self-managed groups, often led by women, provide access to credit, empowering the cocoa farmers we work with and enhance their economic well-being. In the past season, we supported producers from Ghana and Côte d’Ivoire in establishing 868 Village Savings and Loan Associations (VSLAs). These savings associations have provided members with easy access to soft loans at favorable interest rates, enabling them to invest in small businesses. This additional income stream has supplemented their cocoa sales earnings, removing the need to cut down trees to expand their farms for higher yields, thus preventing deforestation. The increased income has also allowed members to support their children's education and enhance their overall quality of life. Hannah Danso, the Chairlady of a VSLA established in Ghana, elaborates on how this association has been beneficial to her and the other members: "We are able to make enough money to invest in trading and other businesses, as well as cover medical bills and cater to our children’s school needs, among other things." To learn more about our Cocoa and Forest Initiatives, get more insights from our latest report: https://bit.ly/3X744CJ #cocoaandforestinitiatives #villagesavingsandloanassociations #cocoafarming #Ghana #sustainablesourcing 

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