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Walegnoumadon Group
In this Group: Ramatou, Mariam , Aminata , Korotoumou , Minian, Naminata , Bintou , Rokia , Djama , Fanta
The 10 members of the Walegnoumadon group are all married women who are on the average 43 years of age and have three children. They all live in nuclear families in Lobougoula, a village in the third administrative district of Mali (Sikasso). They collaborate with the Soro Yiriwaso microfinance institution in order to better manage their agricultural activities during the winter season.

They are on their sixth agricultural cycle campaign with our institution; all their prior loans have been duly repaid. They cultivate sweet peas, as, for example, Fanta does. She is the first one standing on the right on the photo. With this loan, she plans to buy agricultural inputs [fertilizers etc] and pay for labor to work 1 ha [2.5 acres] of land. After harvesting her produce, she sells it in the village, to a customer base composed of both men and women. She plans to achieve an average revenue of 250,000 West African francs per agricultural cycle. These revenues will allow her to pay off her loan and also to help her husband provide for everyday expenses.
View original language description ↓
Les dix membres du groupe WALEGNOUMADON sont des femmes mariées ayant une moyenne d’âge de 43 ans, 3 enfants et vivant toutes dans des familles nucléaire à LOBOUGOULA, un des villages de la 3ème région administrative du Mali (SIKASSO).
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur sixième prêt de campagne agricole avec l’institution et tous les prêts précédents ont été correctement remboursés.
La spéculation cultivée est : pois sucré avec FANTA 1ere à droite sur la photo position debout.
Avec son prêt, elle compte acheter des intrants, et les frais de labours pour entretenir : 1 hectare.
La production est vendue au niveau du village, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 250 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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,215,175
    Funds lent in using Kiva
  • 507.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Walegnoumadon Group's $1,725 loan helped a member to pay for labor and agricultural inputs.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 6, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014