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Allakabon I Group
In this Group: Fanta Alou , Kadia Ousmane , Kadia Sekou , Diarra , Niadjio , Setou , Fanta Gaoussou , Barakissa , Diarra Solo, Fatoumata Daouda
The ten members of the group "Allakabon I" are married women averaging 39 years of age and seven children each, all living in traditional families in Sinsinsa Kinisso, a village in Koutiala (3rd administrative region of the Republic of aMali). They are collaborating with the microfinance institution Soro Yiriwaso with the goal of carrying out their farm work during the rainy season. They are on their eighth loan with the institution. The past loans were indeed paid back.

The crops grown are peanuts and millet, as is the case with Fanta Alou, who is the second person standing from the left in the photo. With her loan, she intends to purchase farm inputs, seeds, and sundry equipment and to pay for plowing for maintaining about 1 hectare.

After the harvest, the produce is sold in the village of Koutiala to a men and women customers. She plans on making an average profit of 125,000 francs CFA at the end of planting. This profit will enable her to pay back the loan and to help her husband to cover day-to-day expenses.
View original language description ↓
Les 10 membres du groupe Allakabon I sont des femmes mariées ayant une moyenne d’âge de 39 ans, 7 enfants et vivant toutes dans des familles traditionnelles à Sinsinsa 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 huitième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide et le mil 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 à Koutiala, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 125.000FCFA 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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,309,100
    Funds lent in using Kiva
  • 499.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Allakabon I Group's $1,625 loan helped a member to pay for plowing and weeding and to purchase seeds, farm inputs, and equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 21, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014