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Wolale Bamana 6 Group
In this Group: Nafouthio , Setou Solo, Saran , Beni , Awa Dramane, Fatoumta , Nassou , Gnere Kotigui , Ada
The group WOLALE BAMANA 6 is composed of married women from the village of CINZARA, in the prefecture of SAN, Region of SÉGOU (4th administrative region of the Republic of Mali). The women live in traditional families with their husbands, children, and other parents. And they average 42 years of age and have at least four children. The group members grow peanuts, fonio (a kind of millet), and sesame.

Concerned about making their plantations profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso three years ago. After properly repaying the previous loans, they are now on their third farm loan.

BAH, who is standing in the middle in the photo, intends to use her loan to buy a sufficient amount of peanut and fonio seeds, sundry supplies and equipment, and some inputs for farming. These items are purchased at the main market of SAN City. Following the off-season, the harvested crops are stocked for a certain time, so that they gain value. And then they are sold retail (and often in bulk) and for cash at the main markets of SAN and DAH and at surrounding markets. The customers generally come from large cities.

After selling the produce, the group members each plan on making a profit of 19,500 to 22,000 francs CFA that will be used for repaying the loan interest and for covering typical family expenses.
View original language description ↓
Le groupe WOLALE BAMANA 6 est constitué de femmes mariées du village de CINZARA, préfecture de SAN, région de SÉGOU quatrième région administrative de la république du Mali. Elles vivent dans des familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 42 ans et au moins 4 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.
BAH, qui est debout au milieu, compte utiliser son prêt pour acheter, une quantité suffisante de semences de fonio d’arachide des petits matériels et des intrants agricoles pour la culture, 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 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 19.500à 22.000FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes 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
  • 13
    View loans »
    Mali Loans Fundraising
  • $11,524,125
    Funds lent in using Kiva
  • 457.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD