Total loan: $875
Ankabenkelekan F Group
Fonfona, , Mali / Agriculture
Ankabenkelekan F Group's loan finished fundraising, but these other borrowers need your support
A loan helped to pay labour costs, and to purchase seeds and fertiliser.
Ankabenkelekan F Group's story
Ankabenkelekan F is a group of women from Fonfona who live in large traditional families with their husbands, children and other relatives. They are on average 43 years old, are married and have at least four children each. This group of women are growers of rice and peanuts. In order to increase the size of their working capital, the members decided to join the credit program at Soro Yiriwaso. They are on their eighth agricultural harvest loan. Awa Bamory is a group member squatting in the photo whilst breast-feeding her baby. She intends to use her loan to purchase seed, to carry out the manual labour, to buy fertiliser, and also partly for the weeding. She buys her products in Fonfona. Following the harvests, she sells her cereals in retail quantities, for cash, both door to door and in the market - to a wide and varied customer base. Whilst the other members of the group reckon to generate an average profit of 65,000 CFA each during this loan cycle, Awa Bamory intends to make 75,000 FCFA. In addition to the loan repayments, the women use part of their income in order to meet their own and their families' personal costs.