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Kafoulaha Ii Group
In this Group: Bahissou , Adama , Amadou, Seibou , Kalifa, N’Gourou , Ibrahima Mory , Ousmane , Salifou
The nine members of the Kafoulaha Ii Group are married men with an average age of 40 years and an average of six children. They are all living in traditional families in Ifola, a village in the third administrative region of Mali (Sikasso). They are working with the microfinance institution Soro Yiriwaso to carry out their agricultural activities during the rainy season. The group is on their fifth agricultural loan with the institution, and all of their prior loans have been repaid in full.

Salifou, shown second from the left in the photo, grows crops of corn. With his loan, he intends to purchase the fertilizer required to maintain two hectares of crops. The produce is sold in the village and at the markets in Farakala and Sikasso to a clientele composed primarily of men.

Salifou hopes to earn an income of 400,000 Francs CFA during this agricultural season. This income will allow him to repay his loan and also to help the extended family with the daily expenses.
View original language description ↓
Les neuf membres du groupe KAFOULAHA II sont des hommes mariés ayant une moyenne d’âge de 40 ans, 6 enfants et vivant tous dans des familles traditionnelles à IFOLA, un des villages de la 3èmerégion administrative du Mali (Sikasso).
Ils collaborent avec l’institution de micro finance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont a leur cinquième prêt de campagne agricole avec l’institution et tous les prêts précédents ont été correctement remboursés.
La spéculation cultivée est le maïs, pour SALIFOU 2ème personne à gauche de la la photo, avec son prêt, il compte acheter des engrais pour entretenir 2 hectares.
La production est vendue au niveau du village, au marché de Farakala et de Sikasso après la récolte à une clientèle composée essentiellement des hommes.
Il compte réaliser un bénéfice de 400.000FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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
  • $9,921,450
    Funds lent in using Kiva
  • 489.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kafoulaha Ii Group's $2,350 loan helped a member to purchase agricultural inputs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 14, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014