Thérèse is 69 years old and she has 7 dependents under her roof. She has been with CAAM for 8 years, and she has 30 hectares of cacao farmland certified by the Rainforest Alliance, which means that she adheres to the principles and standards of sustainable agriculture.
She will use this loan to buy fertilizers for her cacao plantation. This will allow her to increase production and to bolster her income.
She wants to use the additional revenue to support her grandchildren’s education.
Thérèse a 69 ans. Elle s’occupe de 7 personnes dans son foyer. Cela fait 8 ans qu’elle fait partie de la coopérative CAAM et elle a 30 hectares de cacao certifiés Rainforest Alliance, ce qui veut dire qu’elle respecte les principes et les normes de l’agriculture durable.
Grace au crédit, elle 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, elle va scolariser ses petits enfants.
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
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