Total loan: $1,550

Wegnogoton 2 Group

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Doumanaba, Sikasso Region, Mali / Agriculture

Wegnogoton 2 Group's loan finished fundraising,
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A loan helped to buy seeds, fertilizer, and farm inputs, and to pay the cost of labor.

Wegnogoton 2 Group's story

The five members of the Wegnogoton 2 group are married men who, on average, are 40 years old and have six children. They are mostly living 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 rainy season. They are on their fifth loan, and their previous loans have all been repaid correctly. Adama, standing first from the right in the photo, grows corn. With his loan, he plans to buy 16 50-kilogram sacs of fertilizer and 25 drums of different herbicides, and to pay the cost of labor to farm three 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. Adama hopes to earn an average profit of 322,000 francs CFA per harvest. These earnings allow him to pay back his part of the loan and its interest, as well as helping to take care of his family's everyday expenses.