expired

Total loan: $1,675

Tiessiri 1 Group

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N'Tessoni, , Mali / Agriculture

Tiessiri 1 Group's loan finished fundraising,
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A loan helped to buy fertilizers and herbicides, and to cover the cost of plowing.


Tiessiri 1 Group's story

The six members of the group TIESSIRI 1 are married men who average 42 years of age and 8 children each. Most of them live in traditional families in N’TESSONI, a village located in the commune of LOBOUGOULA, in the Sikasso circle (3rd administrative region of Mali). They joined the microfinance institution Soro Yiriwaso to sustain their farming activities during the rainy season. This is their 6th time partnering with the MFI. All past loans were correctly repaid. Mr. SINALY grows maize. He is the member standing in the center of the group photo. He will use his loan to buy 16 50-kg sacks of fertilizer and 30 jugs of various grades of herbicide, and to pay for the plowing needed to maintain 4 hectares of farmland. After the harvest, the crops will be sold in the village in Sikasso, cash or credit, to a clientele consisting of both men and women. Mr. Sinaly expects to earn an average profit of 300,000 FCFA per campaign, which will allow him to repay his loan and the interest, and also to cover part of his family’s day-to-day expenses. For social reasons, Mr. DAOUDA could not be present when the photo was taken.