Funded

Total loan: $1,525
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Ankabenkélenkan 2. 8 Group

Mali
Koutiala, Mali / Farming

A loan of $1,525 helped a member to buy fertilizers, seeds, and minor supplies and equipment.


Ankabenkélenkan 2. 8 Group's story

Ankabenkélenkan 2.8 is a group of married women of the village of Fonfona in Koutiala City, Sikasso region (third administrative region of the Republic of Mali). They live in large traditional extended families with their children, husbands, parents-in-law, sisters-in-law, etc. They have an average age of 34 and at least 5 children. They grow mainly rice, and they grown peanuts as a secondary business.

Concerned about making their farms profitable, the group members decided to join the Soro Yiriwaso loan program five years ago. After having correctly repaid the first four loans, they are now on their fifth farm loan.

The current loan will be used to buy a sufficient quantity of seeds for planting rice and peanuts; some minor supplies and equipment; and fertilizers and such, for farming. Supplies are gotten at the marketplaces of Fonfona, M’pessoba, and Zansoni. Following the off-season, the crops are stored for a certain time, so that they gain in value. Then the crops are sold retail and wholesale in cash transactions at the M’pessoba market and at surrounding markets. Their customers come generally from large cities.

After selling their produce, the group members each intend to realize a profit of 80,000 francs CFA that will be used to repay the loan and to cover common family expenses.

In this group: Nany, Kadia Bakary , Sétou Bourama , Rokia Yafon , Baoumou , Kadia , Mamou , Kadia Bourama , Sétou Harouna , Rokia Mamori
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: May 6, 2009
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: May 6, 2009
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children