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Kato Allama 1 Group
In this Group: Alima , Djeneba, Sanata , Sitan, Mamou, Korotoumou , Kadia Seydou , Awa , Diarah , Chitan Moussa
The members of the Kato Allama 1 group are married women who are on average 38 years of age with four children. They all live in polygamous families in Bougoulaba, a village in the municipality of Wateni in Sikasso, the 3rd administrative region of Mali.

They work with the Soro Yiriwaso micro-finance institution to carry out their agricultural activities during the rainy season. They are on their fifth loan with the institution, and previous loans have been duly repaid.

Alima, who is standing in the middle, grows corn. She intends to use her loan to buy seeds and fertilizers to maintain 1 hectare (2.47 acres).

After harvesting, the production is sold in the village, and at the Sikasso market to a clientele composed of men and women.

She expects to achieve an average profit of 95,000 FCFA per growing season. The profits will enable her to pay off her loan and also help her husband with daily expenses.
View original language description ↓
Les membres du groupe KATO ALLAMA 1 sont des femmes mariées ayant une moyenne d’âge de 38 ans, 4 enfants et vivant toutes dans des familles polygames à Bougoulaba, un des villages de la commune de Wateni dans 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 cinquième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Alima debout au milieu.
Avec son prêt, elle compte acheter les semences et les engrais pour entretenir 1 hectare.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 95.000 FCFA 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
  • 69
    View loans »
    Mali Loans Fundraising
  • $10,449,750
    Funds lent in using Kiva
  • 494.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kato Allama 1 Group's $1,025 loan helped a member purchase agricultural inputs and seeds.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 24, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014