Check out some available loans that are similar to this one!
Dounkafa  2 Group
In this Group: Lassana , Madjigui , Yacouba , Naman, Broulaye , Chaka , Abou , Namory , Modibo, Mamadou
The ten members of the group DOUNKAFA 2 are married men averaging 40 years of age and four children each all living in traditional families in DALABALA, a village in SELINGUE (3rd administrative region of the Republic of Mali). The men are collaborating with the microfinance institution Soro Yiriwaso in order to carry out their farm work during the rainy season. They are now on their third loan with the institution. The last two loans were indeed paid back.

The crop grown is corn, as is the case with LASSANA, who is standing second from the left in the photo. He intends to use his loan to purchase some farm inputs and seeds and to cover the cost of plowing for maintaining 1 hectare.

After the harvest, the produce is sold in the village and at the DALABALA market to a customer base composed of men and women.

He plans on making an average profit of 170,000 francs CFA per planting. This profit will enable him to repay his loan and also to help his large family to cover day-to-day expenses.
View original language description ↓
Les 10 membres du groupe DOUNKAFA 2 sont des hommes mariées ayant une moyenne d’âge de 40 ans, 4 enfants et vivant tous dans des familles traditionnelles à DALABALA, un des villages de SELINGUE, 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.
Ils sont à leur troisième prêt avec l’institution et les deux prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec LASSANA deuxieme debout de la gauche vers la droite sur la photo. Il compte acheter avec son prêt, des intrants, de la semence et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du village, au marché de DALABALA après la récolte à une clientèle composée d’hommes et de femmes.
Il compte réaliser un bénéfice moyen de 170.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dounkafa 2 Group's $2,700 loan helped a member to purchase farm inputs and seeds and to cover the cost of plowing.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 25, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013