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Ismael is 20 years old and a second-year student on scholarship at the Instituto Superior Politecnica de Manica (ISPM), an agricultural training college near Chimoio in Mozambique. Since Ismael was little he grew carrots, cabbage, and fruits and always wanted to study agriculture and learn new techniques. His mother’s side of the family are all farmers, but they are encountering difficulties with aging equipment.

With the loan, Ismael will plant 6-10 hectares of maize, soya, and cowpeas on part of the university’s farm plot. He hopes to use the profits to pay for his fourth and final year of university, which is not part of the scholarship, and to also develop a small piece of land he currently owns. He wants to eventually have his own agricultural business where he can help people who do not have an education by training them in agriculture.

Additional Information

More information about this loan

Kiva's support will finance the direct crop and services costs for each participating farmer, including financing their first small student plots. The loan will pay for all necessary inputs and associated services from end to end. These expenses include: seeds, fertilizers, and herbicides; land preparation, planting, and spraying; and harvesting, bagging, and transport of crops. An innovative component of the loan product is a weather insurance feature, which is covered by the interest fee on the loan. Weather index insurance is purchased on behalf of the farmers at the beginning of the planting season, and if aggregate rainfall in the critical months of January and February falls below a certain level, the farmers fully recover their direct crop costs.

About Africa Agricultural Development Company

Africa Agricultural Development Company (AgDevCo) is a nonprofit venture capital organization that invests to create successful agribusinesses. Their mission is to relieve poverty directly and indirectly by raising agricultural productivity for rural communities in sub-Saharan Africa, particularly by investing in smallholder farmers. Kiva’s support will finance the direct crop and services costs for each participating farmer, including financing their first small student plots.

AgDevCo joined Kiva through our Experimental 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.

About Mozambique

  • $1,200
    Average annual income
  • 0
    View loans »
    Mozambique Loans Fundraising
  • $2,934,575
    Funds lent in using Kiva
  • 29.8
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,700 helped Ismael to purchase maize, soya, and cowpea seeds, fertilizer, and other inputs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Dec 3, 2012
Nov 30, 2012
Currency Exchange Loss:
Nov 26, 2013