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May 27, 2016 7:18 EST

Indonesia – Konco Tani Group: A portion of Konco Tani Group’s $3,350 loan helps a member to buy high quality farms inputs and as a woking capital capital to farm their land.

iCrowdNewswire - May 27, 2016

Konco Tani Group

 

Konco Tani Group

 

 

Not all farmer group leaders are elder. Adiyanto is young men who is leader of Konco Tani group. He is pictured in green shirt, third person from the left. Konco Tani Group consist of corn farmers from Lampung, Indonesia. These hard working men likes to have a coffee together and joke around. This fun group of farmers faces challenges in buying high quality farm inputs and access to capital. With loans from Kiva and field assistance from Vasham, KIVA’s field partner, will help these farmers to buy high quality input and cover their operational expenses so they will achieve high yield and high revenue.

Additional Information

More information about this loan

This loan allows Vasham to provide its farmers with farm inputs in the form of seeds, fertilizer and herbicide. This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. This loan guarantees the famers a floor price for their crops while at the same time providing them with training and market access. Vasham also created a profit-sharing mechanism, encouraging productivity and ensuring that the farmer is protected in the event of a bad harvest. By supporting this loan, you are helping connect more farmers directly with a market for their crops and protecting them from unpredictable events.

About Vasham:

Vasham is a private company founded in 2011 that seeks to create market solutions for smallholder and poultry farmers in Indonesia. Vasham offers no collateral loans, with crop insurance, that will help smallholder farmers grow their feed businesses, increase productivity, and guarantee them a fair price for their production.

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.

 

A portion of Konco Tani Group’s $3,350 loan helps a member to buy high quality farms inputs and as a woking capital capital to farm their land.

 

 

Contact Information:

Konco Tani Group

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