Last updated July 1, 2013

Partner Description:

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. myAgro helps farmers to increase their crop yields by using modern planting techniques and providing access to simple agricultural machines that can make their work more effective and more profitable.

Mali is one of the world's poorest 15 countries. Small-scale farmers make up 70% of its population, and the majority are among the world's poorest 2 billion people. Like in many other countries in Africa, farmers in Mali own tracts of land which they use to grow enough to eat. Their harvest yields are often low (1 ton per hectare) due to low quality inputs and poor planting techniques. As a result, small-scale farmers in Africa harvest a third as much as their counterparts in South Africa and Latin America.

myAgro targets small-scale farmers who have trouble feeding their families throughout the year and are trapped in a cycle of poverty due to consistently poor harvest yields. Kiva lenders’ funds are used to help these farmers afford more effective seeding machines through loans with low interest rates so that they can increase their yields and improve their quality of life.

A unique lending approach:

myAgro uses the microdosing fertilizer method (using a bottle cap of fertilizer per seed hole) pioneered by ICRISAT, an agricultural research organization that helps farmers save money on inputs and enables them to increase their harvests by an average of 100%. In the past, this method had a low rate of adoption because it requires a lot of time and backbreaking labor. For example, one hectare of maize contains 33,000 seed holes.

Now, the new seeding machines enable farmers to drop fertilizer and seeds at the same time at the correct distance and depth, enabling farmers to use this important technique in a tenth of the time. This adds up to over $100 in savings per hectare for input costs and approximately $240 per hectare in saved labor costs each year.

myAgro also provides technical training for farmers and market access for their goods to enable them to sell extra produce at a higher profit margin.

The organization has received multiple awards for its innovative mobile savings model, including competitive social entrepreneurship awards from Rainer Arnhold, Echoing Green and the Draper Richards Kaplan Foundation.

myAgro joined Kiva through ourExperimental 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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 9, 2013 Oct 12, 2005
Total Loans $10,050 $582,580,825
Amount of raised Inactive loans $0 $392,225
Number of raised Inactive loans 0 380
Amount of Paying Back Loans $3,000 $116,748,000
Number of Paying Back Loans 10 123,118
Amount of Ended Loans $7,050 $465,440,600
Number of Ended Loans 47 591,914
Delinquency Rate 0.00% 3.75%
Amount in Arrears $0 $2,842,426
Outstanding Portfolio $1,795 $75,775,764
Number of loanDelinquent 0 11,741
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,744
Amount of Ended Loans $7,050 $465,440,600
Number of Ended Loans Defaulted 0 16,795
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 74.17%
Average Loan Size $176 $418
Average Individual Loan Size $176 $656
Average Group Loan Size $0 $1,826
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,200 $3,434
Average Loan Size / GDP per capita (PPP) 14.69% 12.18%
Average Time to Fund a Loan 2.1 days 5.55 days
Average Dollars Raised Per Day Per Loan $84.10 $75.32
  Average Loan Term 6.32 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 291,324
  Journaling Rate 0.00% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 24.00% PY 33.64% PY
  Profitability (return on assets) N/A 0.5% -1.40%
  Average Loan Size (% of per capita income) N/A 26.00% 41.35%

Country Fast Facts

Field Partner Staff

Casey Cline
Natasha Frosina
Anushka Ratnayake