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Fotemogoban  Vii Group
In this Group: Maminata , Diata , Tassiri , Diata , Oumou , Mah Madou , Afou
The members of the FOTEMOGOBAN VII group are married women who are, on average, 41 years old with three children each. They all live in polygamous families in Kapala, one of the villages of the Sikasso region (third 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 second loan with the institution and have duly repaid their previous loan.

Afou, a member of the group, grows sugarsnap peas. In the photo, she is in the front row, first from the right.

She plans to use her loan to buy farm inputs and seeds to maintain one hectare (2.47 acres) of land.

After the harvest, she sells her production to both men and women, in her village and at the market.

She is expecting to make a profit of 75,000 CFA francs per growing season. This profit will allow her to repay her loan and to help her husband with the daily expenses.
View original language description ↓
Les membres du groupe FOTEMOGOBAN VII sont des femmes mariées ayant une moyenne d’âge de 41 ans, 3 enfants et vivant toutes dans des familles polygames à Kapala, 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 deuxième prêt avec l’institution, le prêt passé à été bien remboursé.
La spéculation cultivée est le pois sucré avec AFOU assise à l'extrême droite.
Avec son prêt, elle compte acheter les semences et intrants pour entretenir 1 hectare.
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 75.000 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
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 499.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fotemogoban Vii Group's $425 loan helped a member to buy farm inputs and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014