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Fougnegue I Group
In this Group: Kadiatou, Mariam , Fatoumata , Djeneba , Rokia , Angnesse , Kali , N’Goro Chaka, Fatoumata Yacou , Djeneba Zoumana
The Fougnegue I group is made up of married women who all live in polygamous families in Ziangolodougou, a village in Kadiolo, the 3rd largest administrative region in Mali. The women have an average age of 42 years old, and an average of four children each. They are working with the microfinance institution, Soro Yiriwaso, in order to successfully carry out their farming work during the rainy season. This is their third loan with Soro Yiriwaso. Their previous loans were correctly repaid.

The speculation cultivated is: the peanut with Kadiatou, standing in the middle of the photo. With her loan, she plans to buy inputs, seeds, and pay the labor costs for the maintenance of 4 hectares. After the harvest, the produce is sold in the village, at the Kadiolo Market, to a clientele made up of consumers and resellers.

She plans to earn an average monthly profit of 200,000 FCFA per harvest. The profit will allow her to pay back her loan and help her husband cover the daily expenses.
View original language description ↓
Les membres du groupe Fougnegue I sont des femmes mariées ayant une moyenne d’âge de 42 ans, 4 enfants et vivant toutes dans des familles polygames à Ziangolodougou, un des villages de Kadiolo, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur troisième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : l’arachide avec Kadiatou debout au milieu sur la photo.
Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour entretenir : 4 hectares.
La production est vendue au niveau du village, au marché de Kadiolo, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice moyen de 200.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.

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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,308,425
    Funds lent in using Kiva
  • 512.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fougnegue I Group's $1,325 loan helped a member to pay the labor costs and buy inputs and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 11, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013