Mali villages will have access to training and financial loans for income-generating projects.

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Village Loans for self-reliance in rural Mali

Updates from the Field:

Updates from the Field (or Progress Reports) on GlobalGiving are posted directly to globalgiving.com by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

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Index of Updates from the Field

Loan projects succeeding!

By J. Beckstead - Executive Director, January 04, 2008 05:45 PM

Village loans continue to succeed and are generating profits. Several loans have been repaid over the past two years, with profit margins reaching 29%. Loan profits have made it possible for villages to build new classrooms and pay for their teachers' salaries! We are excited to begin new loan projects this year--projects that are creating a way for villages to become sustainable!

When I visited the village of Solo last year I was touched by the words of the village chief when he 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

Attachments:

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

Village Loans & Business Training

By Sarah Frank - Program Coordinator, January 29, 2007 04:40 PM

Five successful village loan projects were repaid in 2006, allowing the Alliance to reissue all five loans to new villages. The Alliance was also able to extend two more loans this year. The new villages have chosen to use their funding for fiber, grain bank and fertilizer projects.

The quality of business training has also increased with the introduction of "How to start your own Business," a ProLiteracy manual translated into the local dialect of Bamanakan. Native Economic Development Coordinator, Alou Doumbia works closely with an assigned Peace Corps volunteer to assist village committees with their new business.