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Seydou
Seydou is an onion grower who lives in the village of Mbane. He is 31 years old, married and the father of 4 children. He started market gardening alongside his parents when he was very young. This loan will enable him to buy onions seeds, herbicide and fertilizers. In the coming years, he plans to increase both the quality and the quantity of his production.
Seydou est un cultivateur d'onions basé dans le village de mbane, il est marié et père de 4 enfants, son âge s'élève à 31 ans, il a commencé cette activité de maraîchage depuis qu'il est tout petit avec ses parents, ce prêt lui permettra d'acheter du semence d'onions, de l'herbicide et des fertilisants.

Il envisage à l'avenir d'augmenter sa production en terme de qualité et de quantité.

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
  • 92
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 474.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Seydou to buy onions seeds, herbicide and fertilizers.
98% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 24, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 27, 2015