This loan provides Senegalese farmers access to working capital and agricultural equipment, which allows them to increase productivity levels and provide for their families. It is structured so that farmers' repayment schedules align with their harvests, which reduces the financial hardships of seasonal cash flow. This loan does not require collateral nor group guarantees in order to protect its most vulnerable clients. This loan will pay for agricultural inputs, such as farm machinery tools, seeds, fertilizers, and livestock. By supporting this loan, you are ensuring that no additional stress is put on farmers' families during the off-season of their crop.
About Fansoto:
Fansoto is a nonprofit microfinance institution based in Senegal that focuses on serving populations that are excluded from the traditional financial system, including vulnerable and underserved population groups. Alongside financial services, Fansoto provides trainings for their clients on a variety of themes, including financial education, economics, health, family, agriculture, and the environment. Fansoto will use Kiva financing to offer loans to underbanked populations in Senegal working in small enterprises, agriculture and livestock.
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