He will use this loan to buy fertilizers for his cacao plantation. This will allow him to increase production and to bolster his income.
He wants to use the additional revenue to send his son to university.
Il s’occupe de 12 personnes dans son foyer. Cela fait 10 ans qu’il fait partie de la coopérative CAAM et il a 10 hectares de cacao certifiés Rainforest 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 pour sa plantation. Ces produits vont lui permettre d’augmenter sa production et ainsi d’accroître ses revenus.
Avec l’argent supplémentaire, il va scolariser son fils à l'université.
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.
About Cote D'Ivoire
0View loans »