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Wolale Viii Group
In this Group: Setio, Konimba , Awa , Fatoumata , Nasou , Sounougou , Gnere Kotigui , Chata , Rouht
The members of Wolale VIII Group are married women living in Cinzara, a village in the prefecture of San in the region of Segou (fourth administrative region of the Republic of Mali). They live in traditional families. On average, they are 46 years old and have at least eight children.

They grow groundnuts, fonio and sesame. In order to ensure that their agricultural investments are profitable, the members of Wolale I Group decided two years ago to participate in the loan program of Soro Yiriwaso. After having properly repaid their previous loans, which were solidarity loans, they apply now for their first farming loan.

Nasou S. wants to use her loan to buy adequate quantities of fonio and groundnut seeds, small equipment and farming supplies at the great market in San City. After the rainy season, the harvest will be warehoused long enough for its value to increase, before it is sold at the great market in San, in Dah and at the nearby markets, retail (or often wholesale) for cash to customers who mostly come from big towns.

After their produce is sold, the group members expect to make a profit of 10,000 to 12,000 CFA francs each, which they will use to pay the interest on the loan and ongoing family expenses.
View original language description ↓
WOLALE VIII est un regroupement de femmes mariées du village de CINZARA dans la préfecture de SAN région de SEGOU (quatrième région administrative de la république du Mali) qui vivent dans des familles traditionnelles. Elles ont en moyenne 46 ans, au moins 8 enfants et cultivent de l’arachide, du fonio et du sésame.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant 2 ans. Après correctement remboursé les prêts précédents qui étaient les prêts solidaires, elles sont à leur premier prêt de campagne.
NASOU S. compte utiliser son prêt pour acheter, une quantité suffisante de semence de fonio d’arachide des petits matériels et des intrants agricoles, exclusivement au grand marché de SAN ville. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de SAN, DAH et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 10000 à 12000FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courant de la famille.

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
  • 153
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 508.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wolale Viii Group's $450 loan helped a member to buy farming supplies, seeds and small equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 19, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011