Check out some available loans that are similar to this one!
Heremakono I Group
In this Group: Karia , Chata , Fily , Chitan , Sata , Fatoumata , Fatoumata , Awa , Matieni , Mah Waraba
The 10 members of the HEREMAKONO I group are married women who have an average age of 44 and on average five children. They mostly live in polygamous families in Nogonlon, one of the villages of the rural commune of Banco, Dioïla prefecture, Koulikoro region, second administrative region of Mali.

They collaborate with the micro-finance institution Soro Yiriwaso so as to better organize their activities at the beginning of the rainy season. The crops they cultivate are, among others, rice and peanuts. They are on their first loan with Soro Yiriwaso.

With this first loan, FATOUMATA, seated second from the right, intends to buy farm inputs and small equipment, and pay the fees for plowing and weeding to maintain 0.75 hectares of rice and peanuts.

The crops are sold at the markets of Baou, Koula, Banco and N’Golobougou, after the harvest, to a clientele composed of men and women. Fatoumata expects to make an average profit of 70,000 F CFA at the end of the crop season.
View original language description ↓
Les dix membres du groupe HEREMAKONO I sont de femmes mariées qui ont en moyenne 44 ans, ont en moyenne 5 enfants et vivent majoritairement dans des familles polygames à Nogonlon, l’un des villages de la commune rurale de Banco, préfecture de Dioïla, région de Koulikoro, 2ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres le riz et l’arachide. Elles sont à leur première collaboration avec l’institution.
Avec ce premier prêt, FATOUMATA, la deuxième assise à droite, compte acheter les intrants, les petits équipements et payer les frais de labour et de sarclage pour entretenir environs 0, 75 hectare de riz et d’arachide.
Les productions sont vendues au niveau du marché de Baou, de Koula, de Banco et de N’Golobougou, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 70.000F CFA en fin de campagne.

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
  • 156
    View loans »
    Mali Loans Fundraising
  • $11,265,850
    Funds lent in using Kiva
  • 461.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Heremakono I Group's $775 loan helped a member to pay for plowing, weeding, farm inputs and small equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 10, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 11, 2012