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Ankatoallama 3 Group
In this Group: Soumba, Korotoumou, Minata , Adiarra , Kari , Wassa , Sali , Awa Moussa , Minata
Ankatoallama 3 is an association of nine women who are all married and who average 34 years of age and two children.  They all live in polygamous families in Soromana, a village of the sub-prefecture of Fakola, prefecture of Kolondièba in the third administrative region (Sikasso) of the Republic of Mali.  They know one another through ties of kinship and community. 

Following years of solidarity loans, all correctly repaid, they are now on their fourth farm loan (agricultural loan).  The three preceding ones were repaid. 

They intend to use this current loan for the costs of labor and weeding and for buying seeds, fertilizers, and herbicides.  They want to cultivate 15 hectares of millet, fonio, and peanuts and hope to have an average production of 2 tonnes per hectare, thus 30 tonnes. 

Part of the harvest will be sold at the different weekly fairs, and the rest will be for food.  The profit from the sale will be used to make loan interest payments, to cover the costs of schooling and healthcare for the children, and to buy wedding items and accessories for the daughters.
View original language description ↓
Ankatoallama 3 est un regroupement de neuf femmes toutes mariées ayant en moyenne 34 ans, 2 enfants et vivant dans des familles polygames à Soromana, un village de la sous-préfecture de Fakola, préfecture de Kolondièba dans la troisième région administrative (Sikasso) de la république du Mali.
Elles se sont connues à travers des liens de parenté et de voisinage.
Après des années de prêts solidaires tous correctement remboursés, elles sont à leur quatrième prêt de campagne (prêt agricole) et les trois précédents ont été bien remboursés.
Elles comptent utiliser ce prêt actuel pour les frais de labour, de sarclage, l’achat de semences, d’engrais et d’herbicides. Elles veulent cultiver 15 hectares de mil, de fonio et d’arachide et espèrent avoir une production moyenne de 2 tonnes par hectare soit 30 tonnes.
Une partie de la récolte sera vendue dans les différentes foires hebdomadaires et le reste sera destiné pour la nourriture.
Le bénéfice généré de la vente sera utilisé pour rembourser les intérêts du prêt, prendre en charge les frais scolaire, de santé des enfants et acheter les trousseaux de mariage des filles.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,410,125
    Funds lent in using Kiva
  • 470.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ankatoallama 3 Group's $1,175 loan helped a member labor, seeds, fertilizer, herbicide, and weeding.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 25, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 18, 2010