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Djiguiya 4 De Wayere Farakala Group
In this Group: Oumar Fagnama , Siaka N’Tio , Aboudou , Yaya , Bréhima , Mahamadou , Daouda *
* not pictured
The seven members of the Djiguiya 4 group are all married men with an average age of 35 and on average, 4 children. They mostly live in traditional extended families in Wayere, one of the villages of the rural township of Farakala, prefecture of Sikasso, 3rd administrative region of Mali.



They work together with the micro-finance institution Soro Yiriwaso so that they can successfully raise their maize crops. They are working with the institution for the first time, and they intend to buy fertilizer and herbicides to maintain 7 hectares.



Their crops are sold in the village, in the markets of Farakala and Sikasso, after the harvest, to a clientele composed of men and women, often coming from Bamako or from Senegal. They expect to make an average profit of 55,000 F CFA per growing season.



Note: Daouda B. is not in the photo because he had gone to accompany his spouse to the health center.

View original language description ↓
Les sept membres du groupe Djiguiya 4 sont tous des hommes mariés qui ont une moyenne d’âge de 35ans, 4 enfants et vivant la plupart dans des familles traditionnelles élargies à WAYERE un des villages de la commune rurale de FARAKALA, préfecture de SIKASSO 3ème région administrative du Mali.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs cultures de maïs.
Ils sont à leur première collaboration avec l’institution et comptent acheter des engrais et des herbicides pour entretenir 7 hectares.
Leurs productions sont vendues au niveau du village, dans les marchés de FARAKALA et de SIKASSO après les récoltes à une clientèle composée d’hommes et de femmes souvent venant de BAMAKO ou du SENEGAL.
Ils comptent réaliser un bénefice moyen de 55.000FCFA par campagne.
NB: Daouda B. est absent de la photo car était allé accompagner son épouse au centre de santé.

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
  • $11,450,100
    Funds lent in using Kiva
  • 463.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Djiguiya 4 De Wayere Farakala Group's $1,525 loan helped a member purchase of fertilizer and herbicides.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 22, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010