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default New Kiva loan

Post by Chilli-head on 3rd January 2019, 3:21 pm

To get things going again, I've chipped in a top-up to support these ladies:

Makossa Female Farmers Group, Makossa, Sierra Leone.

New Kiva loan 4e05f41d38c0fc8d582e54774a6c64d5



Makossa Female Farmers Group's story

Fatmata (1st on the left), is the featured borrower of the Makossa Female Farmers group, and would like to sincerely thank all of the Kiva lenders for their first loan. It enabled them to break free from the local lenders who were charging them nearly 100% interest and, as a result, all group members have fully recovered their businesses, have repaid their first loan and are successfully farming again after the devastation of Ebola.

The group is now seeking a second loan to expand further. The profits will be used to ensure all member's children go to school, and will also be used by the group to create a support fund for young female farmers.

In this group: Fatmata, Mabinty, Kadiatu, Aminata, Fatmata, Adama, Isatu, Ramatu, Fatmata, Isatu, Adamsay, Amie

More about this loan

This is an interest free, in-kind loan provided to contract farmers in the form of quality rice and other inputs at the begining of planting season. The loan amount is repaid using paddy rice harvested by farmers. In addition, MLA(*) provides market to the farmers for their entire rice harvest at competitive prices with transportation to the milling factory offered by the partner at no additional costs. By supporting this loan, you are enabling smallholder farmers to access quality farm inputs in order to improve their yield and increase the land under cultivation for increased income.

In addition to any KIVA loan disbursed to these Farmers, Mountain Lion Agriculture (mlbr.org) farmers also have access to technical advise, tractor and equipment rentals. With this powerful mix of capital and support, each farmer’s annual net income should grow – organically and sustainably – by at least 250%, while growing a much needed staple food (rice) during a time of great food insecurity in Sierra Leone.

About Mountain Lion Agriculture

Mountain Lion Agriculture is a social enterprise working to help smallholder rice farmers in Sierra Leone grow and succeed. Mountain Lion Agriculture provides both low-interest as well as 0% loans to farmers in the form of quality seeds and supports them throughout the production process before buying their rice at a fair price.

(*) Mountain Lion Agriculture (MLA) is the Kiva local loan partner.
Chilli-head
Chilli-head
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Posts : 2802
Join date : 2010-02-23
Location : Bedfordshire

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Post by Dandelion on 4th January 2019, 3:40 pm

An excellent choice - thank you

................................................................................................................................
The richer we have become materially, the poorer we have become morally and spiritually. We have learned to fly in the air like birds and swim in the sea like fish, but we have not learned the simple art of living together as brothers and sisters.

-Martin Luther King, Jr.
Dandelion
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