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Aug 10, 2016 1:11 EST

Mali – Kantiembou Group: A loan of $2,325 helps a member to buy sheep in order to resell them at a later time.

iCrowdNewswire - Aug 10, 2016

Kantiembou Group

Mali
 
Diallassagou, Mali / Livestock
 
Borrower image
 

Kantiembou Group’s story

Binta is the smiling woman who is holding the ram’s horns in the group photo. Aged 59, she is married and the mother of six children. She has been raising animals and her husband has been farming for many years. She buys and sells her animals at the local markets, making up to 25,000 or 30,000 FCFA per month.

Binta is unable to transport her sheep to other locations and also struggles to feed them well as she lacks animal feed. To help solve these issues she is asking RMCR (a Kiva Field Partner) for a loan. The loan will enable her to grow her business and increase her earnings so that she can take care of her family.

She really enjoys raising livestock as it allows her to make a living, and she dreams of someday running a larger-scale husbandry business.

In this group: Amina, Binta, Hadiaratou, Sata, Hawa, Aminata, Fatouma Amadou, Mariama, Yama, Fatoumata, Fatouma Amidou, Yasseai
*not pictured 

Translator profile picture

Translated from French by Kiva volunteer Caroline GagneView original language description 

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.

A loan of $2,325 helps a member to buy sheep in order to resell them at a later time.

Contact Information:

Kantiembou Group

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