Fakô Bakary would like a semoir because it will help him plant using the micro-dosing method and enable him to plant larger land sizes with better harvests. Before, Fakô Bakary hand-planted manually which was time-consuming and made it difficult to grow enough food to meet the needs of his family. Fakô Bakary’s goals are to to have a good harvest and be able to take care of his family's needs. He hopes that one day he'll be able to take out a loan for a tractor. Fakô Bakary will also be able to rent his semoir to others to earn extra income. All semoirs are covered by a 2-year guarantee that covers most repairs within a 1-week time period.
More information about this loan
This loan theme is for myAgro's loans to smallholder farmers, who need credit to purchase precision planters, an agricultural tool. This loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. Precision planters are plough-like devices pulled by an animal, and they are used to evenly and efficiently plant seeds and disburse fertilizer.
About myAgromyAgro 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. Additionally, the organization helps farmers to increase their crop yields by using more effective seeding machines. Kiva lenders’ funds are used to help these farmers afford more labor-reducing and cost-effective seeding machines through loans with low interest rates so that they can increase their yields and improve their quality of life.
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