Friday, October 18, 2013

KIVA Loan for October 2013

Our October KIVA loan goes to the members of the Banakane 2 group.

 Ourgatou , Fatouma , Yaseguéré, Tandou , Tandou, Domio, Fatouma, Aminata,
The members of the group are all married women, who are an average age of 35 years and have an average of eight children each. All live in the culturally predominant polygamous families in Bandiagara, Mali.
The women are working with the microfinance institution Soro Yiriwaso, which is part of the international group "Save the Children". They are on their second loan with the institution. The first loan was paid back in full and on time.

The women are farmers, and are eager to begin planting their market gardens as the rainy seasons ends. The crop they grow is primarily onions, as is the case with Ms. Ourgatou, who is first from the left in the photo. With her loan, she intends to purchase seeds and fertilizer. After the harvest, the produce is sold to a customers in their home village and in the larger centres of Bandiagara and Mopti.

At the end of the planting season, Ourgatou hopes to make a profit equivalent to about $90 USF. Some of this profit will help cover family expenses. The rest will be reinvested in the business.

We are happy to be able to lend our bit, which will be combined with the loans of other KIVA lenders, to help give Ourgatou access to a small loan which will allow her to work more efficiently and improve her family's life. If you'd like to try out a KIVA loan for free, follow this link

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