Business Revenue Generating Loans for 14 villages

 
$5,295
$705
Raised
Remaining
Dec 15, 2008

Loans bringing about change in Mali

Children standing in front of cotton, stored in a mud-brick cyli
Children standing in front of cotton, stored in a mud-brick cyli

Village loan projects are bringing about stability and financial security in the villages around Ouelessebougou, Mali. Our economic development team traveled to Mali in October, 2008 to visit the villages. We found that of the more than $100,000 in loans that we have given to villages, we have a 95% repayment rate! Villagers are grasping the importance of credit and are using it to lift themselves out of poverty. The village of Famana is excited to take out a larger loan this year, because they have confidence now that they can repay it.

The village chief of Solo said, "Since we started our loan project we feel more secure. Now we can face our problems with confidence because we have a way to earn. We know that the Alliance projects work. The foundation was laid by the Alliance to begin our progress to free us from poverty.”

~ Koyiri Doumbia, Solo Chief

These lasting changes would not be possible without the generosity of our global donors. Thank you so much for your support!

Please let us know if you want any more specific information. Just leave a comment in the comment section.

Village woman showing her processed shea butter.  It is now read
Village woman showing her processed shea butter. It is now read
A successful tailor business that was started with one of our fi
A successful tailor business that was started with one of our fi
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Organization

Project Leader

Angie Roberts

Executive Director
Salt Lake City, Utah United States

Where is this project located?

Map of Business Revenue Generating Loans for 14 villages