Total loan: $1,375

Kotognogontala 7 Group

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Fachoribougou, , Mali / Agriculture

Kotognogontala 7 Group's loan finished fundraising,
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A loan helped to pay wages and to purchase seeds and agricultural inputs.

Kotognogontala 7 Group's story

The ten members of the Kotognogontala 7 Group are married women, on average 37 years old, with four children, who mostly live in polygamist families in Fachoribougou, a village in the district of Kaboila in the Sikasso prefecture, the third administrative region of Mali. They are working with the microfinance institution, Soro Yiriwaso, in order to better manage their agricultural business during the winter season. They are on their eighth loan with the institution; all prior loans have been fully repaid. Aminata, the first woman on the left of the photo, in the front row, primarily grows tomatoes and jakatou- a type of small green eggplant. With this loan, she intends to pay labor wages, purchase agricultural inputs and seeds to tend a 1 hectare plot. After the harvest, the produce is sold in the village and in the market of Sikasso, to a clientele of men and women. She intends to earn an average profit of 65,500 FCFA per year. This profit will allow her to payback her loan and also to help her husband with household expenses. She hopes to maintain this relationship with Soro Yiriwaso in order to work an even larger plot in order to draw more profits.