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Wegnogoton 1 Group
In this Group: Korotoumou , Siaka, Balla, Sinaly , Daouda
The five members of the Wegnogoton 1 group are married men and one married woman who, on average, are 38 years old and have five children. They mostly live in traditional families in Doumanaba, one of the villages 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 winter. They are on their fifth loan, and their previous loans have all been repaid correctly.

Sinaly, standing second from the right in the photo, grows corn. With his loan, he plans to buy eight 50-kilogram sacs of fertilizer and 20 drums of different herbicides, and to pay the costs of labor to farm two hectares of land.

After the harvest, crops will be sold in the village and at a market in Sikasso to male and female customers for cash and credit.

Sinaly hopes to earn an average profit of 232,000 francs CFA per harvest. These earnings will allow him to pay back his part of the loan and its interest, and also help to cover his family's everyday expenses.
View original language description ↓
Les 5 membres du groupe WEGNOGOTON 1 sont des hommes mariés et une femme mariée ayant une moyenne d’âge de 38 ans et ont en moyenne 5 enfants et vivant la plupart dans des familles traditionnelles à DOUMANABA un village dans le cercle de SIKASSO 3ème région administrative du Mali.
Ils, elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils, elles sont à leur cinquième prêt de production de maïs avec l’institution de microfinance soro yiriwaso, les prêts antérieurs ont été bien remboursés.
La spéculation cultivée est : de maïs avec monsieur SINALY débout à la deuxième position de la droite vers la gauche sur la photo dans ce groupe d’homme et de femme WEGNOGOTON 1.
Avec son prêt, il compte acheter 8 sacs de 50 kg d’engrais, 20 bidons d’herbicide de qualité différente et payer les frais de labour pour entretenir : 2 hectares.
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.
Il compte réaliser un bénéfice moyen de 232 000 FCFA par campagne.
Ce bénéfice lui permettra de payer d’une part son prêt et son intérêt et d’autre part de contribuer 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 16
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 480.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Wegnogoton 1 Group's $1,825 loan helped a member to buy seeds, fertilizers, and farm inputs, and to pay the cost of labor.
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 22, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible
Expired:
Jul 14, 2014