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Fotemogoban 4 Group
In this Group: Sali , Safiatou , Alimata Djome , Fatoumata Harima, Bibata, Bagnini , Oumou, Bakoro, Kadiatou, Aminata Bakoroba
The ten members of the group "FOTEMOGOBAN 4" are married women, who average 32 years of age and two children each. The women live for the most part in traditional families in Commune de KAPALA, in Cercle de SIKASSO (3rd administrative region of the Republic of Mali). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their third farm loan with the institution. The past loans were indeed paid back.

The crop grown is millet, as is the case with Ms. AMINATA BAKOROBA, who is sitting first from the right in the photo of this women’s group FOTEMOGOBAN 4. With her loan, she intends to purchase a 50-kg bag of fertilizer and a container of herbicide and to cover the cost of plowing for maintaining 0.5 hectare.

After the harvest, the produce is sold to a customer base composed of men and women paying with cash or credit in the village and in SIKASSO. She plans on making an average profit of 73,000 francs CFA per planting. This profit will enable her to pay back the loan with interest and also to help out her husband in covering day-to-day expenses.
View original language description ↓
Les 10 membres du groupe FOTEMOGOBAN 4 sont des femmes mariées ayant une moyenne d’âge de 32 ans, ont en moyenne 2 enfants et vivant la plupart dans des familles traditionnelles à KAPALA une commune 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 troisième prêt de campagne avec l’institution de microfinance soro yiriwaso, les prêts antérieurs ont été bien remboursés.
La spéculation cultivée est de mil avec madame AMINATA BAKOROBA assise à la première position de la droite vers la gauche sur la photo dans ce groupe de femme FOTEMOGOBAN 4.
Avec son prêt, elle compte acheter 1 sac de 50 kg d’engrais, 1 bidon d’herbicide, payer les frais de labour pour entretenir 0,5 hectare.
Après la récolte la production est vendue au niveau du village, à SIKASSO à une clientèle composée d’hommes et de femmes au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 73 000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et intérêt, aider son mari 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 11
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 481.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Fotemogoban 4 Group's $1,000 loan helped a member to purchase fertilizers and herbicides and to cover the cost of plowing.
0% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 13, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible