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Seriba
Seriba is a forty-three year old farmer from the village of Bananzole in southern Mali. Seriba is the married father of four children. On his six hectares of land he grows corn.
With a loan from Kiva, Seriba would be able to buy a semoir, which is a piece of agricultural equipment that plants seed and fertilizer following a modern agricultural method. Seriba wants a semoir so that he can reduce the amount of time it takes for him to plant his land. Currently, Seriba plants his seed and fertilizer by hand, which can take up to one week to plant one hectare. With a semoir, he will be able to cut the amount of time it takes him to plant in more than half. In addition, the semoir will help ensure that he follows a modern planting method, enabling him to increase his harvest and earn additional income.

Additional Information

More information about this loan

This loan theme is for myAgro's loans to smallholder farmers, who need credit to purchase precision planters, an agricultural tool. This loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial creditPrecision planters are plough-like devices pulled by an animal, and they are used to evenly and efficiently plant seeds and disburse fertilizer.

About myAgro

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.

Tags

About Mali

  • $1,200
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 480.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $300 helped Seriba to buy a semoir.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2014
Listed
Jul 3, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015