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Tiornola 3 Group
In this Group: Maimouna , Fatoumata Sory , Satou , Wassa , Nassoun , Rokia
The members of the TIORNOLA 3 group are married women who are, on average, 43 years old with four children each. They all live in polygamous families in Ifola, one of the villages of the Sikasso region (third-largest administrative region of Mali).

They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are on their seventh loan with this institution and have duly repaid their previous loans.

Satou, third from the right in the photo, grows maize. She plans to use her loan to buy agricultural inputs and seeds in order to cultivate one hectare (2.47 acres) of land. After the harvest, she sells her production in her village, at the market, to both men and women.

She is expecting to make a profit of 85,000 CFA francs per growing season, which will allow her to repay her loan and to help her husband with the daily expenses.
View original language description ↓
Les membres du groupe TIORNOLA 3 sont des femmes mariées ayant une moyenne d’âge de 43 ans, 4 enfants et vivant toutes dans des familles polygames à IFOLA, un des villages de SIKASSO, 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 septième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Mme SATOU debout en troisième position de la droite vers la gauche.
Avec son prêt, elle compte acheter les intrants et semences agricoles pour entretenir 1hectare. La production est vendue au niveau du village, au marché après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 85.000 francs CFA 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
  • 7
    View loans »
    Mali Loans Fundraising
  • $9,897,325
    Funds lent in using Kiva
  • 505.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tiornola 3 Group's $450 loan helped a member to buy agricultural inputs and seeds.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2014