A loan of $725 helped a member to buy fertilizers, seeds, and equipment and supplies.

Kotognontala 3 Group's story

Kotognontala 3 is a group of women of the hamlet of Adamabougou of Koutiala City (third administrative region of the Republic of Mali). They know each other well. They live in large traditional extended families and average 40 years of age and at least 6 children each. They grow mainly peanuts and millet on over six hectares.

To satisfy their need for seeds, fertilizers, and small farming equipment, the group members decided to join the Soro Yiriwaso loan program four years ago (four farming loans). All the previous loans have been repaid without difficulty. The current loan will be used to buy sacks of seeds for planting peanuts and millet, some manure, and small tools and supplies that are indispensable for farming. These goods are gotten from the Koutiala City market from wholesalers. After the off-season, the crops are stored for a time, so that they gain in value. And then they are sold at the markets in the Koutiala area and at the grand marketplace, especially to retailers from large cities.

After the crops are sold, the group members each intend to realize a profit of 40,000 francs CFA that will be used to make loan interest payments, and the rest will be used to cope with common family expenses.

In this group: Fatoumata, Awa , Minata Doulaye, Kadia , Sanata , Makoura Bourama , Setou

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Translated from French by Kiva volunteer Daniel Kuey

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