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Fassokounawolo V Group
In this Group: Korotoumou , Satou , Korotoumou , Alimata Adama, Ami , Machitan
The six members of the FASSOKOUNAWOLO V group are married women who, on average, are 30 years old and have three children each. Most of them live in polygamous families in Koba, one of the villages of the Massigui commune, in the Cercle of Dioîla, Koulikoro region (second administrative region of Mali).

They have joined the microfinance institution Soro Yiriwaso in order to better organize their activities at the start of the rainy season. Among other crops, they cultivate groundnuts, rice and some millet. They are on their seventh loan with the institution.

The featured borrower, Ami, is sitting first from the left in the photo. She plans to use her loan to buy agricultural inputs and small tools, and to cover the cost of plowing to cultivate about 0.5 hectare (1.23 acre) of land on which she grows rice and groundnuts.

After the harvest, Ami sells her crop in the town of Massigui, to a customer base consisting of both men and women. She is expecting to make a profit of about 45,000 CFA francs per growing season.
View original language description ↓
Les six membres du groupe FASSOKOUNAWOLO V sont des femmes mariées avec une moyenne d’âge de 30 ans et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles polygames à Koba un des villages de la commune de Massigui, préfecture de Dioîla, région de Koulikoro, 2ème région administrative du mali.
Elles collaborent avec l’institution de micro finance Soro yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres l’arachide, du riz et un peu de mil. Elles sont à leur septième collaboration avec l’institution.
Avec ce prêt, Ami la première personne à gauche dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 05 ha de riz et d’arachide
Les productions sont vendues au niveau de la ville de Massigui, après les récoltes à une clientèle composée d’hommes et de femmes. Elle espère réaliser un bénéfice de 45 000F CFA environs par campagne.

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

  • $1,100
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $11,381,625
    Funds lent in using Kiva
  • 499.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fassokounawolo V Group's $625 loan helped a member to pay for the cost of plowing and weeding, and to buy seeds, fertilizer, herbicide and small tools.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 12, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014