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Bakary
Bakary is a farmer who lives in Zambougou village in southern Mali. He is married and has six children. Bakary grows corn, sorghrum, millet, peanuts, and vegetables.
With a loan from Kiva, Bakary will buy a semoir, a piece of agricultural equipment that plants seed and fertilizer according to a modern agricultural method. With a semoir, Bakary will be able to plant his land faster. In addition, the semoir will help ensure that he follows the modern agricultural method of micro-dosing. By following the method of micro-dosing he will be able to dramatically increase his harvest. With an increase in harvest, he hopes to be able to increase his income and invest in planting more fields.

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
  • 27
    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 Bakary 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