Souleymane is from the village of Marako in southern Mali. He is forty years old and is the married father of six children. Souleymane is a farmer and grows corn, chili, cucumber, okra, peanuts, and rice.
With Kiva loan Souleymane will buy a semoir, a piece of agricultural equipment that plants seed and fertilizer at the same time. A semoir would enable Souleymen to plant his land faster and would eliminate the need for him to hire workers to help plant his field. Because it takes so long to plant and fertilize his fields by hand, Souleymane has land that lies idle. But with a semoir, Souleymane hopes that he will be able to increase the amount of land he plants, which means that he will have more food to feed his growing children.
myAgro is a startup nonprofit organization in West Africa that enables farmers to purchase high-quality agricultural inputs - certified seeds and fertilizer - on layaway through an SMS-based platform and a network of local vendors. Additionally, the organization helps farmers to increase their crop yields by using more effective seeding machines. Kiva lenders’ funds are used to help these farmers afford more labor-reducing and cost-effective seeding machines through loans with low interest rates so that they can increase their yields and improve their quality of life. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
myAgro joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.