x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Africa ( XML Feed )

Oct 12, 2016 12:14 EST

Mali: Sabaliton Group – A loan of $3,100 helps a member to raise a cow to sell.

iCrowdNewswire - Oct 12, 2016

Sabaliton Group

Mali
 
CIWARA, Mali / Livestock
 
Borrower image
 

Sabaliton Group’s story

Issa is 46 years old and Malian. He is the one holding the cow’s leash in the photo. He is married and the father of seven children, aged from nine to 22 years old. Two of his daughters go to school. Issa himself did not receive an education, but he does okay.

Issa has a good reputation in his village. He is brave and works hard raising cattle, which he has done for 10 years. His wife works preparing and selling food.

Issa is seeking a loan to buy two cows. He makes his purchases and sales from the local weekly market. He makes 25,000 francs CFA profit each month. These earnings allow him to buy clothing and shoes and to pay the school fees of his seven children.

Issa believes his livestock farming will develop over time. His goal is to ensure his children’s education.

In this group: Hamidou, Issa, Salia, Yacouba, Seydou, Oumar, Mahamadou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Lindsay FerraraView 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 solidarity group loan program. Borrowers who have successfully completed several loan cycles with the community bank program graduate to this one and access slightly larger loans in groups of 2-9 members. Group 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 $3,100 helps a member to raise a cow to sell.

Contact Information:

Sabaliton Group

View Related News >
support