Hermankono Diès 5 Group
Marcelin is 29 years old, and he is a member of the group Hermankono Diès 5. He takes care of eight persons at home. He has been a part of the cooperative COOBAD for two years, and he has 3 hectares of certified cocoa.
Thanks to loans, he is going to be able to purchase some fertilizers for his plantation. These products will enable him to augment his production and thus to increase his revenues.
With the additional money, he wants to establish an oil palm plantation.
Marcelin a 29 ans et il est un membre du groupe Hermankono Diès 5. Il s‘occupe de 8 personnes dans son foyer. Cela fait 2 ans qu’il fait partie de la coopérative COOBADI et il a 3 hectares de cacao certifié.
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 Créer une plantation de palmier à huile.
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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