Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update — August 31, 2017

After 4 years of collaboration, Kiva and myAgro have decided to end their partnership. myAgro's loans have had an excellent repayment on Kiva, however myAgro's business model is such that the partnership will be operationally challenging to scale. Lender funds have been critical in allowing myAgro to build a credit history that the organization is now leveraging to gain access to working capital that's a better fit with its operational model. Kiva thanks myAgro for its collaboration over the years and continued dedication to supporting Malian farmers in gaining access to affordable inputs and equipment. 

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.

If you are interested in myAgro's work, you can join the Friends of myAgro lending team, or visit myAgro's website.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jul 9, 2013 Oct 12, 2005
Total Loans $342,700 $1,961,263,340
Amount of raised Inactive loans $0 $368,750
Number of raised Inactive loans 0 225
Amount of Paying Back Loans $0 $155,292,280
Number of Paying Back Loans 0 180,364
Amount of Ended Loans $342,700 $1,775,561,795
Number of Ended Loans 1,035 2,382,297
Delinquency Rate 0.00% 11.50%
Amount in Arrears $0 $10,725,818
Outstanding Portfolio $0 $93,282,250
Number of Loans Delinquent 0 45,477
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,353,228
Number of Ended Loans Defaulted 0 84,927
Currency Exchange Loss Rate 0.01% 0.49%
Amount of Currency Exchange Loss $20 $12,023,738
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 66.60% 78.24%
Average Loan Size $40 $392
Average Individual Loan Size $213 $589
Average Group Loan Size $343 $1,892
Average number of borrowers per group 9 8.3
Average GDP per capita (PPP) in local country $1,100 $5,599
Average Loan Size / GDP per capita (PPP) 3.62% 7.00%
Average Time to Fund a Loan 0.49 days 8.93 days
Average Dollars Raised Per Day Per Loan $81.33 $43.86
  Average Loan Term 3.36 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 918 1,181,695
  Journaling Rate 85.60% 42.25%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 24.00% PY 27.02% PY
  Profitability (return on assets) N/A 0.5% -3.10%
  Average Loan Size (% of per capita income) N/A 26.00% 0.00%

Country Fast Facts

Lending Partner Staff