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Medicine for Mali looks forward to your comments and any questions you may have. It’s important to us that our efforts be understood. Sharing your knowledge and experiences can add to our ability to better and more efficiently serve the people of Mali.

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Micro-finance

MFM annually gives Micro-finance loans to over 300 people, 70% of whom are women.  A woman will feed, educate, and get health care for her children with her profits from soap making, breeding and selling small animals, or a grain bank.

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MICRO-FINANCE LOANS 

 This program empowers the people with small working funds in order to start a small enterprise to make a profit. Each village has a loan committee of men and women who make the decision of the loan amounts and the credibility of the loan applicants.  The amount of the loans varies from $10 to $100.  In America this would seem small, but in Mali with a per capita income of $1 a day, the amount has potential for an enterprise. The loans are set with a repayment schedule that will occur in a year. 70% of loans go to women. Some examples of loans are grain banks, goats or sheep for breeding /selling,  and fertilizer for fields.

A 5% loan fee is charged to the applicant to help cover the costs that are associated with the program.

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