x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Africa ( XML Feed )

Jun 27, 2016 1:29 EST

Mali: A portion of Kantieme Group’s $2,400 loan helps a member to buy some sheep for later resale.

iCrowdNewswire - Jun 27, 2016

Kantieme Group

Mali Diallassagou, Mali / Animal Sales

A portion of Kantieme Group’s $2,400 loan helps a member to buy some sheep for later resale.

Borrower image

Kantieme Group’s story

Aissata is the woman holding the ram in the photo. She is aged 42, married, and the mother of eight children, three girls and five boys. Her husband is a farmer. Among her children, two are enrolled in school, one daughter and one son.

Aissata is illiterate and has been raising sheep for 10 years. She also helps her husband with his work in the fields. She is a citizen of Mali.

Wishing to attain her goal, she is asking RMCR for a loan to buy more livestock to resell more later on so as to have more income. She is fond of her business because it allows her to cover the needs of her children and to be financially autonomous some day.

Aissata’s ambition is to have a machine to transform livestock feed to expand her activity. Most of her purchases are made in her village or its surroundings and her sales are made at her village market. In her livestock-raising she has a problem with good veterinary care and good local products, and during the dry season she also lacks livestock feed.

In this group: Fatoumata, Malado, Aissata, Fatoumata, Aissata, Hawa, Salimata, Fatoumata, Djeneba, Bintou, Hawa, Fatoumata, Bintou, Yama
*not pictured

This loan is special because:

It empowers farmers and entrepreneurs in underserved areas in Mali.

Nadia Costanzo
Kiva staff

 

More about this loan

This loan is part of RMCR’s community bank loan program. Borrowers are organized into groups of 10-35 members, are mutually responsible for repayments, and can access voluntary savings services. Group members can use loans for any income-generating activity. Common activities are farming, raising livestock and commerce. Terms and payment frequency can vary according to borrowers’ business cycles. By supporting this loan, you’re helping borrowers access credit and support each other through the loan process.

About Réseau de Micro-institutions de Croissance de Revenus (RMCR):

Réseau de Micro-institutions de Croissance de Revenus (RMCR) is an NGO that provides credit to low-income communities in rural Mali. The organization offers community bank loans, from which borrowers can graduate to solidarity groups, and from there to individual loans. RMCR customizes the loans it offers in order to fit the unique business cycles of livestock, farming, and commerce activities.

Contact Information:

Kantieme Group

View Related News >
support