Petit Grabo 1 Group
Bazom is 45 years old. He takes care of 10 people in his household. He joined the Coopagui cooperative one year ago and he has 4 hectares (9.88 acres) of land on which he grows cocoa which is UTZ and Rain Forest Alliance certified, which means that Bazom is respecting the standards and principles of sustainable farming.
Thanks to this loan, he will be able to buy products which will improve the health of his crops (phytosanitary products). These products will allow him to increase his production and thereby his revenues.
With any remaining money, Bazom plans to build a house for his family.
Bazom a 45 ans. Il s’occupe de 10 personnes dans son foyer. Cela fait 1 an qu’il fait partie de la coopérative Coopagui et il a 4 hectares de cacao certifiés UTZ et 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 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 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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