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Komadia 3 De  Sogola Group
In this Group: Fatoumata Moussa , Awa , Kadia Adama , Teje , Sali Tiecoumba , Nanco , Sali Fousseni , Sounounkou
Composed of 8 married women, the Komadia 3 group is made up of farm women who have an average age of 44 and on average 8 children. They mostly live in traditional extended conjugal families with their brothers, sisters, children and husbands in the village of Sogola, township of Bougouni, Sikasso region, Republic of Mali. They met because of being related by marriage and due to their farm work.



With the intention of increasing their agricultural output and hoping to raise enough food to feed their families, they decided to join the micro-finance institution Soro Yiriwaso with whom they are on their fifth rural loan after having reimbursed the preceding ones correctly.



With this new loan these women intend to buy seeds, 12 sacks of fertilizer (4 sacks of cereal complex and 8 sacks of urea) in order to grow 3.5 hectares of peanuts and 2 hectares of rice. All the agricultural inputs and seeds needed by the group will be bought in the marketplace of Bougouni.



They hope to have a total production at the end of the growing season amounting to 2.625 tons of shelled peanuts and 3 tons of rice. Part of this production will be consumed by their families and the rest will be stockpiled and sold wholesale and for cash to the business people of Bougouni.



After reimbursing the interest on the loan, the group expects to have a profit of 150,000 F CFA at the end of the growing season, which will be used to raise goats.

View original language description ↓
Composé de huit femmes mariées, le groupe KOMADIA 3 regroupe des paysannes qui ont en moyenne 44 ans et 8 enfants. Elles vivent en majorité dans des familles conjugales traditionnelles élargies avec leurs frères, sœurs, enfants et époux dans le village de SOGOLA, commune urbaine de BOUGOUNI, région de SIKASSO, république du Mali.
A travers des liens de mariage et des activités agricoles, elles se sont connues.
Dans le souci d’augmenter leurs productions agricoles et prétendre à une autosuffisance alimentaire familiale, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso avec qui elles sont à leur cinquième prêt agricole et tous les précédents ont été correctement remboursés.
Avec ce nouveau prêt ces femmes comptent acheter, des semences, 12 sacs d’engrais dont 4 sacs de complexe céréales et 8 sacs d’urée pour faire 3,5 hectares d’arachide et 2 hectares de riz. Tous les intrants agricoles et semences du groupe seront achetés sur le marché de BOUGOUNI.
Elles espèrent avoir une production totale en fin de campagne de 2,625 tonnes d’arachide graine et 3 tonnes de riz. La consommation familiale va prendre une partie de cette production et l’autre partie sera stockée et vendue en gros et au comptant aux commerçants de BOUGOUNI.
Après le remboursement des intérêts du prêt, le groupe compte avoir un bénéfice de 150 000FCFA en fin de campagne qui sera utilisé pour élever les caprins.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    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 3 De Sogola Group's $750 loan helped a member purchase of seeds and agricultural inputs.
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