Check out some available loans that are similar to this one!
Fotemogoban A Group
In this Group: Rokia , Oumou , Fanta , Karidia , Adiaratou, Setou , Awa , Maminata , Sali , Sali
The ten members of the Fotemogoban A group are married women who, on average, are 37 years old and have six children. They mostly live in traditional families in Kokouna, a village in Sanzana commune, in Sikasso, the third administrative region of Mali. They are working with the micro-finance institution Soro Yiriwaso in order to better carry out their farming activities during the rainy season. They are on their fifth group loan with Soro Yiriwaso, and their previous loans have all be repaid correctly.

Fanta, standing in the middle of the photo, grows sorghum. With this loan, she plans to buy a 50-kilogram sac of fertilizer and one drum of herbicide. She will also pay the costs of labor to farm a half hectare field.

After the harvest, crops will be sold in the village and at a Sikasso market to male and female customers for cash and credit. Fanta hopes to earn an average profit of 73,000 francs CFA per harvest. These earnings will allow her to pay back a part of the loan and its interest as well as help her husband with their family's everyday expenses.
View original language description ↓
Les 10 membres du groupe FOTEMOGOBAN A sont des femmes mariées ayant une moyenne d’âge de 37 ans et ont en moyenne 6 enfants et vivant la plupart dans des familles traditionnelles à KOKOUNA un village dans la commune de SANZANA dans le cercle 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 cinquième prêt solidaire avec l’institution de microfinance soro yiriwaso, les prêts passés ont été bien remboursés.
La spéculation cultivée est le sorgho avec FANTA debout au milieu.sur la photo dans ce groupe de femme.
Avec son prêt, elle compte acheter un sac de 50 kg d’engrais, 1 bidon d’herbicide et payer les frais de labour pour entretenir 0,5 hectare.
Après la récolte la production est vendue au niveau du village, au marché de SIKASSO à une clientèle composée d’homme et de femme au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 73 000 FCFA par campagne.
Ce bénéfice lui permettra de payer d’une part son prêt et son intérêt et d'autre part aider son mari dans les dépenses quotidiennes 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

  • $1,100
    Average annual income
  • 39
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 478.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Fotemogoban A Group's $975 loan helped a member to buy fertilizer, farm inputs, and seeds, and to pay the cost of labor.
85% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 14, 2014
Listed
May 25, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015