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Dr. Bronner?s, a manufacturer of organic, quality body care and culinary oils , established Serendiworld to manage the sourcing and supply of its raw materials from organic and Fair Trade projects around the world including Ghana, Sri Lanka and Kenya. All Serendiworld projects are closely inspected and certified organic to U.S. and EU standards and are also certified Fair Trade by IMO.
Serendipalm, Sereniworld?s Ghanaian subsidiary that was established to source organic and Fair Trade palm oil for Dr. Bronner?s soaps, is now a large community employer, working with more than 670 family farms and producing more than 500 metric tons of palm oil every year. The company pays farmers an organic premium and also provides inputs and organic agricultural training.
Serendipalm offers 0% interest loans to small-holder farmers to purchase more productive palm oil varieties. Serendipalm processes the seedlings once harvested, guaranteeing the purchase of the farmers? harvests. Kiva financing will enable Serendipalm to offer more loans and increase the production of organic and Fair Trade palm oil.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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