Check out some available loans that are similar to this one!
Komadia 1 De Sogola Group
In this Group: Kadia Ali, Dandjo , Rachelle , Minata Daouda , Bandjan , Maramou Baba , Banan , Bintou , Minata Broulaye , Fatoumata
Composed of ten married women, the group KOMADIA 1 has members averaging 42 years of age and 6 children. The women all live in traditional extended conjugal families with their brothers, sisters, children, and spouses in the village of SOGOLA, in the town of BOUGOUNI, belonging to the 3rd administrative region of the Republic of Mali.

These women know one another by ties of marriage. To maintain their farms better, in order to improve their production, they decided to join the micro-finance institution Soro Yiriwaso. They are now on their fifth farm loan. All the preceding ones have been correctly repaid.

With this loan, they intend to buy 15 sacks of fertilizer, including 10 sacks of a blend for grains, 5 sacks of urea, 200 kg of peanut seeds, and plowing services to work the fields (namely 4 hectares of peanuts and 3 hectares of corn). All farm supplies will be purchased at the BOUGOUNI marketplace.

At the end of the planting campaign, the group members plan on a total production of 3 tonnes of peanuts and 9 tonnes of corn. Home consumption will take up a portion of this production, and the rest will be sold in cash at the BOUGOUNI marketplace in order to allow for the repayment of the loan and for covering certain family expenses.

These women hope to obtain a profit of 350,000 francs CFA at the end of the planting campaign. The profit will be used towards the costs of raising children.
View original language description ↓
Composé de dix femmes mariées, les membres du groupe KOMADIA 1 ont une moyenne d’âge de 42 ans et 6 enfants. Elles vivent toutes dans des familles conjugales traditionnelles élargies avec leurs frères, sœurs, enfants et époux, dans le village de SOGOLA de la commune urbaine de BOUGOUNI relevant de la troisième région administrative de la république du Mali.
Ces femmes se sont connues par des relations de mariage.
Pour mieux entretenir leurs exploitations agricoles afin d’améliorer leur production elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso. Elles sont à leur cinquième prêt agricole et tous les précédents prêts ont été correctement remboursés.
Avec ce prêt ces femmes comptent acheter 15 sacs d’engrais dont 10 sacs de complexe céréales et 5 sacs d’urée, 200kg de semence d’arachide et des prestations de charrue pour labourer les exploitations (à savoir 4 hectares d’arachide et 3 hectares de maïs). Tous les intrants agricoles seront achetés sur le marché de BOUGOUNI.
En fin de campagne, elles comptent sur une production totale de 3 tonnes d’arachide graine et 9 tonnes de maïs. La consommation familiale va prendre une partie dans cette production et le reste sera vendu au comptant sur le marché BOUGOUNI pour les permettre de rembourser le prêt et supporter certaines charges familiales.
Ces femmes espèrent obtenir un bénéfice de 350 000 FCFA en fin de campagne qui sera utilisé pour soutenir les frais d’entretien des enfants.

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

  • $1,200
    Average annual income
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,308,425
    Funds lent in using Kiva
  • 454.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Komadia 1 De Sogola Group's $1,450 loan helped a member planting, farm supplies, and the cost of labor.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 15, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010