Early last month, we distributed nearly 100 microloans to farmers in the Keur Socé area. Our microloan program is one of the earliest programs we initiated in Senegal. Over ten years old (!) it has grown to be one of our more successful – and popular programs! – having reached well over 1,500 people!
Some of the farmers who received microloans at our June distribution.
This year’s recipients will take advantage of early pricing for crop inputs ahead of the rainy season. At just over $100 each, these interest-free loans help farmers in a big way to avoid exploitative lending practices that can eat up most of their profit at the end of the harvest season. The farmers keep more of what they grow in their own pocket, and build toward a better future.
A farmer with his son seeding their peanut field in anticipation of the rainy season.
“The funding had a big impact on me and my family. After the harvest we manage to preserve food (peanuts and millet) until the next winter. Andando supports us at a very important time in the life of the farmer because at this time it is difficult to access financial assistance.”
With a 100% payback rate over the last several years, loans are recirculated in the community again and again, keeping the money and the growth local. This program embodies our philosophy of helping people help themselves, and meeting them where they are. We are proud of our team for safely and efficiently coordinating this program along with local authorities. Now we hope for rain and wish the farmers a happy and healthy growing season!
“Jéréjëf!” – Thank You!
Lewis Kiker, Executive Director