Start by setting a saucepan over medium heat and adding a cup of water. Throw in a small pinch of salt to help bring out the chocolate flavor, then set your heat to low and get ready to cook.
Stir in your rolled oats and let them simmer for about 3 to 4 minutes. Stir occasionally so the oats start to soften up and do not stick to the bottom of the pan.
While the oats are cooking, dissolve the unsweetened cocoa tablet in a cup of hot water until smooth, then set it aside. Slice up your bananas so they are ready to go.
Once the oats have softened up, put the sliced bananas right into the pan, followed by the melted cocoa mixture. Simmer for another 3 to 4 minutes, stirring continuously as the oats absorb the chocolate and turn thick, dark, and glossy.
Ladle the hot champorado into your bowl and drizzle your choice of milk for extra creaminess. Sprinkle in the cinnamon powder, and give it a quick stir.
Add some honey if you like it sweeter and finish with a handful of chopped toasted peanuts for protein, extra crunch, and nutty flavor.
Serve warm and enjoy!