Madécasse makes chocolate, adds value to local economies in Madagascar

For GOOD, I profiled Madécasse Chocolate Co., one of the few companies processing chocolate in Africa, where 70 percent of the world’s cocoa is grown. An excerpt:
Prime chocolate-making cocoa needs to ferment for at least six days and dry for six more. Madécasse’s partner farmers don’t have enough cash flow to hold onto their crop for nearly two weeks—they want to sell immediately after harvest. Furthermore, farmers had no frame of reference for quality control in the beginning. “You have farmers farming cocoa,” McCollum says, “who have never eaten chocolate.”
So Madécasse created an incentive structure to improve their lagging quality. The company offered a 50 percent bonus for delivery of high-quality beans and agreed to give farmers a portion of their payments up front and pay the rest upon delivery, and provided farmers financing for storage sheds, fermentation vats, and drying trays.
Read the entire thing here.
Photo courtesy Madécasse Chocolate Co.
