Total loan: $2,925
Margaret's Female Farmers Group
Rochain Village, , Sierra Leone / Agriculture
Margaret's Female Farmers Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to pay for improved seed, organic inputs and tractor rental which will allow these farmers to escape subsistence by farming a larger area with a higher yield.
Margaret's Female Farmers Group's story
Margaret K (1st on left), featured borrower of Margaret's Female Farmers, is a master farmer in Rochain Village and has a large family of nine. She is passionate about business and farming, and likes to help younger women get their start in rice farming. Margaret is a seasoned farmer whose rice farming business was hard hit during Sierra Leone's 2014-2017 Ebola crisis. She has since recovered her business very slowly due to predatory lending and a lack of access to financing. She has organized a large group of other women who, like her, are currently trapped in a cycle of subsistence and take extremely high-interest loans for poor-quality inputs during planting time. A no-interest Kiva loan will enable this group of determined women to throw off the shackles of predatory lending, expand and prosper. Additionally, the global COVID-19 pandemic is causing food shortages in some areas of Sierra Leone as imported rice becomes more scarce. A Kiva loan will empower these women, and it will enable the group to increase their local rice production and enhance food access in Sierra Leone at a time when this is badly needed.