Total loan: $1,275
Soutoura 4 Group
Farakoba, , Mali / Agriculture
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A loan helped to buy fertilizers, inputs and seeds as well as to cover labor costs.
Soutoura 4 Group's story
The ten members of the Soutoura 4 group are married women, who average 33 years of age and who have an average of three children each. The majority of them live in traditional families in Farakoba, a village in the Loulouni municipality, which lies in the Sikasso region (Mali's third administrative region). They collaborate with the microfinance institution, Soro Yiriwaso, so that they can carry out their farming activities successfully during the winter season. They are on their eighth seasonal loan from Soro Yiriwaso and the previous loans have all been repaid in full. Within the Soutoura 4 group, Alimata, who is sitting in the middle of the photo, grows groundnut. With her loan she is planning to buy two 50 kilo sack of fertiliser and two containers of weedkiller; she will also pay the labor costs for maintaining 0.75 hectares of land. After the harvest, the produce is sold in the village and at the market in Sikasso to a customer base made up of men and women, for cash and on credit. She expects to make an average profit of 86,000FCFA per season. This profit will enable her on the one hand to repay her loan and the interest on it, and on the other to help her husband with the family's daily outgoings.