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Wolale Marakasso 4 Group
In this Group: Mariam Bala, Kotimi , Amai , Esthere , Kadia , Tatio Chta , Portio , Tenin , Katherine
The Wolale Marakasso 4 group is made up of married women from the village of Cinzara in the San region of Segou, the fourth largest administrative region of the Republic of Mali. They live in traditional families and are all around 39 years old with at least 6 children each. They specialise in the cultivation of sesame. In order to generate higher profits from their agricultural activities, the group members decided to seek a loan from Soro Yiriwaso two years ago, and are seeking their second from them now. Portio- the second lady from the right sitting down, and wearing a yellow T-shirt- aims to use her loan to purchase a sufficient quantity of seeds, small tools and agricultural inputs from the large town market at San. Once the rainy season has passed, the harvest is stored for a while so that it rises in value before being sold at the large town markets of San and Dah and in the neighbouring towns. She takes cash sales from retail and wholesale customers whos generally come from large towns.The group members aim each to generate profits of 19,000 to 41,000 FCFA from the sales of their goods, and will use to repay the loan interest and to see to their families' everyday needs.
View original language description ↓
Le groupe WOLALE MARAKASSO 4 est composé de 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. Elles ont en moyenne 39 ans et au moins 6 enfants.
Elles cultivent exclusivement du sésame. Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans d’ ou leur deuxième prêt de campagne et PORTIO, qui est la deuxième femmes assise à gauche en T-shirt jaune, compte utiliser son prêt pour acheter, une quantité suffisante de semence des petits matériels et des intrants agricoles 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 19000 à 41000 FCFA 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
  • 6
    View loans »
    Mali Loans Fundraising
  • $10,150,450
    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 Marakasso 4 Group's $700 loan helped a member to purchase seeds and small tools.
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