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Banda
Banda is a farmer aged 34, married and the father of one child. He lives in the village of Mberes. He began to grow market vegetables when he was still very young, accompanied by his parents. With this loan, he is going to buy onion seeds, herbicide, and fertilizer.
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Banda est un cultivateur âgé de 34 ans , il est marié et père d'un enfant, il habite dans le village de mberes. il a commencé à exercer cette activité de maraîchage depuis qu'il est tout petit accompagné de ses parents. Avec ce crédit, il va acheter du semence d'onions, d'herbicide et d'engrais.

Additional Information

More information about this loan

MEC Delta is a savings and credit cooperative located in the Senegal River delta region in Northern Senegal. Kiva funding is being used to fund loans to farmers, which are disbursed in-kind as agricultural inputs through MEC Delta's sister structure, DELTA Grisol. DELTA Grisol then collects crops from the farmers and brings them to market, repaying MEC Delta directly with proceeds from crop sales. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. The rest of the proceeds then belong to the farmer. Since MEC Delta works primarily with rice farmers, MEC Delta and Kiva lenders are exposed to risk due to crop failure, spoilage during the period of stockage prior to sale, and rice price fluctuation. This loan is not only helping a farmer to efficiently bring his goods to market, but supporting a farmer-owned cooperative and bolstering food security in Senegal.

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About Senegal

  • $2,300
    Average annual income
  • 88
    View loans »
    Senegal Loans Fundraising
  • $13,830,950
    Funds lent in using Kiva
  • 483.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Banda to buy onion seeds, herbicide and fertilizer.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 10, 2013
Listed
Jan 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 27, 2015