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Michelkro Group
In this Group: Seydou, Koffi , Kouassi Albert, Oumar
Michelkro Group is part of the Coobadi Cooperative, and is located in Divo, a small town in central Côte d'Ivoire, about two hours from Abidjan.

The group is made up of four people. Oumar, age 45, is one of them. He takes care of ten people in his household. For two years, he's been a member of
Coobadi Cooperative. He owns four hectares of cocoa.

Thanks to this loan, he will be able to buy fertilizers for his plantation. Theses products will enable him to bolster his production, and thus increase his income.

With the extra money, he wants to build a family courtyard, send all his children to school, and continue to put fertilizers in his field.
View original language description ↓
Le groupe Michelkro fait partie de la coopérative COOBADI et est située à Divo, une petite ville au centre de la Côte d’Ivoire à environ 2 heures de route d’Abidjan. Le groupe est composé de 4 personnes.
Oumar a 45 ans et il est un membre du groupe Michelkro. Il s‘occupe de 10 personnes dans son foyer. Cela fait 2 ans qu’il fait partie de la coopérative COOBADI et il a 4 hectares de cacao.

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 veut construire une cour familiale, scolariser tous ses enfants et continuer à toujours mettre de l'engrais dans son champs.

Additional Information

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.

About Cote D'Ivoire

  • $1,600
    Average annual income
  • 0
    View loans »
    Cote D'Ivoire Loans Fundraising
  • $298,825
    Funds lent in using Kiva
  • 500.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Michelkro Group's $575 loan helped a member to buy fertilizers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Jun 20, 2013
Jul 22, 2013
Currency Exchange Loss:
Apr 9, 2014