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Fassokounawolo  3 Group
In this Group: Kadia , Djidi , Fatoumata , Massitan , Aissata , Fatoumata , Sanata , Kadaia , Djeneba , Djeneba
The 10 women of the group called Fassokounawolo 3 are all married in traditional families. They have an average age of 43 and on average, three children each. They all live in the village of N’gara in the region of Ségou (fourth administrative region of Mali). They met through their rainy season agricultural activities or because of bonds of neighborhood, marriage, and kinship in the village. They grow peanuts, millet, and rice. With the aim of buying tools and stocking up on agricultural inputs, the members of the group found Soro Yiriwaso and are on their fourth seasonal loan.

Madame Kadia (seated in the middle in the photo) is very active in rainy-season agricultural activities in the village of N’gara. She intends to use her loan to plow her field, buy seeds and fertilizer, and then pay young people to weed her field. The sale of her agricultural produce is made for cash at the end of the rainy season, to repay her loan and so as to have income to cover the needs of the children and part of those of the family.
View original language description ↓
Les dix femmes de Fassokounawolo 3 sont toutes mariées dans des familles traditionnelles. Elles ont en moyenne 43 ans et 3enfants. Elles vivent toutes dans le village de N’gara dans la région de Ségou (4ème région administrative du Mali). Elles se sont connues à travers leurs activités agricoles hivernales, des liens de voisinage, de mariage et de parenté dans le village. Elles font la culture d’arachide, du mil et du riz. Dans le but de s’acheter de petits équipements, de s’approvisionner en intrants agricoles, les membres du groupe ont connu Soro Yiriwaso et sont à leur 4ème cycle du prêt de campagne.
Madame Kadia (femme assise au milieu des assises dans la photo) est une grande meneuse d’activités agricoles hivernales dans le village N’gara. Elle compte utiliser son prêt pour labourer son champ, s’acheter des semences et d’engrais puis payer les jeunes pour sarcler son champ. La vente de ses produits agricoles se fait au comptant à la fin de l’hivernage pour payer son prêt et afin d’avoir de revenu pour prendre la charge des enfants, et une partie de celle de la famille.

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
  • 20
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 497.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fassokounawolo 3 Group's $525 loan helped a member to buy tools, seeds and agricultural inputs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014