Kiva conducts regular," ongoing monitoring "of all Field 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 Field Partner All Kiva Partners
  Start Date On Kiva Jul 9, 2013 Oct 12, 2005
Total Loans $342,700 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $0 $163,202,810
Number of Paying Back Loans 0 193,982
Amount of Ended Loans $342,700 $1,591,353,280
Number of Ended Loans 1,035 2,108,808
Delinquency Rate 0.00% 15.34%
Amount in Arrears $0 $15,585,726
Outstanding Portfolio $0 $101,609,202
Number of Loans Delinquent 0 72,330
Default Rate 0.00% 1.70%
Amount of Ended Loans Defaulted $0 $26,998,026
Number of Ended Loans Defaulted 0 70,224
Currency Exchange Loss Rate 0.01% 0.46%
Amount of Currency Exchange Loss $20 $9,202,644
Refund Rate 0.00% 0.57%
Amount of Refunded Loans $0 $9,961,195
Number of Refunded Loans 0 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 66.60% 77.81%
Average Loan Size $40 $389
Average Individual Loan Size $213 $594
Average Group Loan Size $343 $1,839
Average number of borrowers per group 9 8.2
Average GDP per capita (PPP) in local country $1,100 $5,628
Average Loan Size / GDP per capita (PPP) 3.62% 6.90%
Average Time to Fund a Loan 0.49 days 8.44 days
Average Dollars Raised Per Day Per Loan $81.33 $46.05
  Average Loan Term 3.36 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 918 1,071,973
  Journaling Rate 85.60% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 24.00% PY 26.11% PY
  Profitability (return on assets) N/A 0.5% 0.00%
  Average Loan Size (% of per capita income) N/A 26.00% 0.00%

Country Fast Facts

Field Partner Staff

Deborah Burns
Saisie Ouelessebougou
ousmane Sanogo
Darcey Tindall