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Wolale Bamana 3 Group
In this Group: Setio , Konimba , Setou , Tiantio , Fanta , Awa , Djeneba , Korotoumou, Konimba , Naomy
The Wolale Bamana 3 group consists of ten married women from the village of Cinzara in the San prefecture of Ségou (fourth administrative region of the Republic of Mali). They live in traditional families and are on average 39 years old with at least five children.

They grow peanuts, fonio (a West-African cereal) and sesame. To make their crop-farming profitable, group members decided three years ago to join the Soro Yiriwaso loan program. Having successfully repaid previous loans, they are now on their third agricultural loan cycle.

Konimba, who is the first standing on the left wearing an off-white dress, wants to use her portion of the loan to buy fonio seeds and peanuts for planting, small farming equipment and agricultural inputs for crop-growing, from the general market in San.

After the rainy season, crops are stored for a while so that they can gain value before being resold at the general market in San, Dah and in surrounding markets, mostly retail (often in bulk) against cash to a customer base coming from large towns.

After selling their agricultural products each member of the group hopes to achieve profits between 15,000 and 69,000 FCFA, which will be used to repay loan interests and cover ongoing family expenses.
View original language description ↓
Le groupe WOLALE BAMANA 3 est formé de 10 femmes mariées du village de CINZARA dans la préfecture de San, région de SÉGOU quatrième région administrative de la république du Mali. Elles vivent dans des familles traditionnelles et ont en moyenne 39 ans et au moins 5 enfants.
Elles 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 3 ans. Après correctement remboursé les prêts elles sont à leur troisième prêt de campagne.
KONIMBA, qui est la première debout à gauche en robe blanchâtre, compte utiliser son prêt pour acheter, des semences de fonio et d’arachide, des petits matériels et des intrants agricoles pour la culture, au grand marché de SAN. 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 et 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 15000 à 69.000FCFA 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

  • $1,100
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $11,391,900
    Funds lent in using Kiva
  • 457.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wolale Bamana 3 Group's $775 loan helped a member to buy agricultural inputs, seeds and small farming equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 14, 2011
Listed
Jul 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012