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Sanya Iii Group
In this Group: Fanta , Awa Amidou , Fatoumata Yaya , Fatoumata Arouna , Maimouna , Chata Soumaila , Biba , Alima , Minata , Awaba
The members of the group "SANYA III" are married women, who average 36 years of age and four children each, all living in polygamous families in NERIKO, a village in the Sous-Préfecture de KOLONDIEBA (3rd administrative region of the Republic of Mali). The women are collaboring with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their seventh loan with the institution. The past loans were indeed paid back.

The crop grown is peanuts, as is the case with FANTA, who is the first person sitting at the right in the photo. With her loan, she intends to purchase some farm inputs and seeds and to pay for plowing to make use of 1.5 hectares.

After the harvest, the produce is sold in the village and at the market to men and women customers. She plans on making a profit of 115,000 francs CFA per planting. This profit will enable her to pay back her loan and also to help her husband to cover day-to-day expenses.
View original language description ↓
Les membres du groupe SANYA III sont des femmes mariées ayant une moyenne d’âge de 36 ans, 4enfants et vivant toutes dans des familles polygames à NERIKO, un des villages de la Sous-Préfecture de KOLONDIEBA, 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 l’arachide avec FANTA 1ère assise à droite sur la photo.
Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour exploiter 1.5 hectares.
La production est vendue au niveau du village et au marché après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 115.000FCFA 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 499.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sanya Iii Group's $1,675 loan helped a member to purchase farm inputs and seeds and to pay for plowing during the planting season.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 9, 2013
Listed
Jul 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014