Sakma Philemon is 31 years of age. He is responsible for nine people at home. For the past nine years he been part of the Coopasm cooperative, and has 8.5 hectares of cacao farmland which are certified by the Rainforest Alliance. This means that he adheres to the principles and regulations of sustainable agriculture.
With this loan, he will be able to buy fertilizers and pesticides for his cacao plantation. These items will allow him to increase production, as well as increasing his income. With the additional money he receives, he plans to build a house to take care of his family.
Sakma Philemon a 31 ans. Il s’occupe de neuf personnes dans son foyer. Cela fait 9 ans qu’il fait partie de la coopérative Coopasm et il a 8,5 hectares de cacao certifiés Rain Forest Alliance, ce qui veut dire qu’il respecte les principes et les normes de l’agriculture durable.
Grace au crédit, il va pouvoir acheter de l’engrais et des produits phytosanitaires pour sa plantation. Ces produits vont lui permettre d’augmenter sa production et ainsi d’accroître ses revenus.
Avec l’argent supplémentaire, il va construire une maison pour prendre soin de sa famille.
More information about this loan
This loan is part of Advans Côte d'Ivoire's Cocoa Livelihoods Program, which provides credit to cocoa producers who belong to a participating fair-trade certified cooperative. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. In addition to credit, farmers receive technical assistance, management training, and access to high-quality agricultural inputs like fertilizer and seeds through the cooperative. To guarantee the loan and share liability, the cooperative has taken out the funds as a group. Lenders are advised that fluctuations in cocoa prices and the local climate could impact repayment.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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