Trickle Up welcomes our new partner and funder, Mayan Partners. Together, we will reach 600 extremely poor youth, in Solola, Guatemala.
Meet Diando Koulibaly
Meet Diando Koulibaly – Trickle Up Participant
Staff: What benefits have you seen since becoming a Trickle Up participant?
Diando: My savings group, it’s like my family! We have built a sense of understanding amongst ourselves.
Staff: Is the savings group helpful?
Diando: Members can take out 15,000 to 50,000 Malian Francs (approx. $30-$100) in loans to improve their businesses.
Staff: How is your savings group doing right now?
Diando: Right now, it’s the lean season. So my group has agreed to delay repayments for 6 months. This way, members can survive the lean season. After the harvest comes in, they can repay their loans. Thankfully, I am able to get by with the profits I make selling my fish.
Staff: What is your savings group interest rate?
Diando: For every 5,000 Malian Franc loan (approx. $10), the recipient must pay back 150 Malian Francs (30 cents).
Staff: Well, thank you for your time!
Diando: Thank you, and thank you Trickle Up!
This scarf is not made by hand. It’s made by ambition, on a machine, bought with savings, that was earned with profit. It’s made by going further.
Poverty is isolation. It is hunger and instability. It’s a cycle that’s hard to break. That’s why we work harder. We work smarter on the plan and on the ground. We go further.