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Allakabo 1 Group
In this Group: Fanta Alou , Kadiatou Ousmane , Kadia Sekou , Diarra , N’Djiadio , Setou , Wassa, Fanta , Barakissa, Diarra Solo
The ten members of the Allakabo 1 group are married women who, on average, are 47 years old and have seven children each. They all live in traditional families in Sincina Kinisso, one of the villages of Koutiala, third administrative region of Mali.

These women are working with the Soro Yiriwaso microfinance institution in order to carry out their agricultural activities during the rainy season.

This is their seventh loan with the institution. Previous loans have been duly repaid.

Fanta Alou grows groundnut; in the photo, she is in the standing row, second from the left.

With her loan, she is planning to buy some agricultural inputs, seeds, small farming equipment, and to pay for the cost of plowing on one hectare of land.

After the harvest, the crop will be sold in the village and at the Koutiala market, to a customer base consisting of men and women.

Fanta Alou is expecting average profits to reach 140,000 CFA francs at the end of the season.

These profits will help her to pay off her loan and also to assist her husband with the daily expenses.
View original language description ↓
Les 10 membres du groupe Allakabo 1 sont des femmes mariées ayant une moyenne d’âge de 47 ans, 7 enfants et vivant toutes dans des familles traditionnelles à Sincina Kinisso, un des villages de Koutiala, 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 septième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec FANTA ALOU, 2 eme debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences, des petits matériels agricoles et payer les frais de labour pour entretenir 1 hectare.
La production sera vendue au niveau du village et au marché de Koutiala, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 140.000FCFA en fin de 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
  • 36
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 524.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Allakabo 1 Group's $1,625 loan helped a member to pay for the cost of plowing, to buy agricultural inputs, small farming equipment and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 15, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013