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Fougnegue Ii Group
In this Group: Fatoumata Solo, Mariam , Gninouri, Bintou Solo , Mariam Fatogoma , Mariam Yacou , Latadio , Mah Bourama , Maimouna Yaya , Kadia
The members of the Fougnegue II group are married women with an average age of 43 and 5 children. They all live in polygamous families in Ziangolodougou, one of the villages in Kadiolo, the third largest administrative region of Mali. They collaborate with the Soro Yiriwaso microfinance organization in order to conduct their agricultural businesses during the rainy season. They are on their third loan with the institution; the prior loans were all fully repaid. Rice is the crop planted by Latadio, who is standing in the middle of the photo. With her loan, she plans to pay the cost of labor for maintaining two hectares. After harvest, the yield is sold at the village market in Kiadolo to a clientele of resellers and consumers. She expects to earn an average monthly profit of 90,000 FCFA per season. This profit will enable her to repay her loan and also to help her husband with the daily expenditures.
View original language description ↓
Les membres du groupe Fougnegue II sont des femmes mariées ayant une moyenne d’âge de 43 ans, 5 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 : le riz avec Latadio debout au milieu sur la photo.
Avec son prêt, elle compte payer les frais de labour pour entretenir : 2 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 90.000FCFA 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
  • 6
    View loans »
    Mali Loans Fundraising
  • $10,150,450
    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 Ii Group's $1,425 loan helped a member to pay labor costs.
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