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Soroly 1 Group
In this Group: Domèye, Indogo, Mariam , Oumou , Gnama, Yapourolou, Aïssa, Indeguené , Fatoumata , Anta
The ten members of the Soroly 1 group are all married women who, on average, are 46 years old and have six children. They all live in polygamous families in Bandiagara, the fifth administrative region of Mali.

Bandiagara is a place made up of 90% cliffs, where women engage mostly in the farming of onions and their processing. The women move arable dirt to higher ground to create farming plots.

The group is working with the micro-finance institution Soro Yiriwaso in order to better carry out their small-scale farming at the end of this rainy season. They are on their first loan with the institution.

Domèye grows onions. She is standing second from the left in the photo. With her loan, she plans to buy seeds and fertilizer.

After the harvest, crops will be sold to men and women at the village level and in Bandiagara. Domèye hopes to earn 21,000 francs CFA at the end of the season.

These earnings will allow her to help her husband with the family expenses (related to the children's schooling, health, and nutrition). Earnings will also go towards buying small ruminants and chickens. The rest will be invested in her farming.
View original language description ↓
Les 10 membres du groupe SOROLY 1 sont toutes des femmes mariées ayant une moyenne d’âge de 46 ans, 6 enfants et vivant toutes dans des familles polygames à Bandiagara, 5ème région administrative du Mali.
Bandiagara est une localité constituée à 90% de falaise où les femmes ont comme activité principale la culture d’oignon et de sa transformation. Les femmes transportent de la terre arable sur les hauteurs afin de confectionner leurs planches destinées à leurs pratiques agricoles.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités maraîchères en cette fin d’hivernage.
Elles sont à leur 1er prêt avec l’institution.
La spéculation cultivée est essentiellement l’oignon avec Domèye debout en 2eme position de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter de la semence et des engrais. La production est vendue au niveau du village et de Bandiagara, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 21.000 Francs CFA en fin de campagne Ce bénéfice lui permettra d’aider son mari dans les dépenses familiales (scolarisation des enfants, santé et nourriture), achat de petits ruminants et vollailes et investir le reste dans les activités.

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
  • 51
    View loans »
    Mali Loans Fundraising
  • $10,780,275
    Funds lent in using Kiva
  • 477.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soroly 1 Group's $525 loan helped a member to buy fertilizer and seeds.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014