Yiriba is a seventy-two year old farmer from the village of Marako in southern Mali. He is married and the father of eight children. Yiriba is a farmer and grows corn, millet, and peanuts.
With a loan from Kiva, Yiriba would be able to buy a semoir, which is a piece of agricultural equipment that plants seed and fertilizer. With a semoir Yiriba will no longer have to hire people to help him plant his field by hand. Rather, he will be able to operate the semoir and quickly plant his field. Due to how quickly a semoir plants a field, Yiriba believes he will able to increase the amount of land he cultivates every year, which will mean more food for his family.
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.