Yankadi Group’s story
Issouf is a livestock farmer of sheep and steers. He is the one holding the sheep’s horns in the photo. He is 57 years old, married, and the father of five children, aged 11 to 33. Issouf is illiterate, but he is concerned about his children’s schooling. His wife is a homemaker and also works in commerce.
Issouf has turned to RMCR loans to purchase many sheep and steers for his livestock business in order to generate more profit. He manages to cover his children’s medical and schooling costs and a few necessary family expenses, thanks to the profits generated from the loan.
Issouf gets his supplies from the San market and from his town. He can have 50,000 francs CFA per month in income as profit. His sales are made at the market in his town. He has been in this business for thirty years. The obstacles he runs up against include his animals possibly dying before they are sold; and the high cost of animal feed.
In this group: Issouf Dosso, Harouna, Youssouf, Adama, Sekou, Mamadou, Samba
This loan is special because:
More about this loan
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.