Abstract: Ekiti state has an agriculture based economy with the production of food and cash crops providing employment and income for more than 75% of the population. The men and women are predominantly farmers well known for the production of cash crops especially cocoa that has helped to alleviate poverty in some quarters but which output had nose dived due to various factors of which finance is paramount. The reason not far fetched, where available, the formal financial institutions have not cared to genuinely accommodate the financial needs of the farmers. Therefore, using primary data from the interviews conducted among 50 cocoa farmers, this study assesses the role of the informal financial sector in financing agricultural development to increase cocoa production in Ekiti state. The study revealed that the inability to improve on output of cocoa is a reflection of the lack of access to enough credit to finance the planting and maintenance of cocoa plantations. It further reveals that about 99% of the respondents that have access to finance apart from personal savings were able to obtain this through the informal financial sector. The study-concludes that giving the patronage of the informal financial institutions by the farmers, there is a better chance of improving cocoa production in Ekiti state. Therefore, establishing a linkage between the informal and the formal financial Sector will invariably improve credit facilities to the farmers, lift their status and increase the internally generated revenue from commodity taxes in the state.