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
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
0View loans »
Success!! The loan was 100% repaid