A loan of $750 helped a member to buy farming supplies, seeds and small equipment.

Wolale Iv Group's story

The ten members of Wolale IV Group are married women living in Cinzara, a village in the prefecture of San in the region of Segou (fourth administrative region of the Republic of Mali). They live in traditional families. On average, they are 37 years old and have at least five children.

They grow groundnuts, fonio and sesame. In order to ensure that their agricultural investments are profitable, the members of Wolale I Group decided two years ago to participate in the loan program of Soro Yiriwaso. After having properly repaid their previous loans, which were solidarity loans, they apply now for their first farming loan.

Awa C. wants to use her loan to buy adequate quantities of fonio and groundnut seeds, small equipment and farming supplies at the great market in San. After the rainy season, the harvest will be warehoused long enough for its value to increase, before it is sold at the great market in San and at the nearby markets, retail (or often wholesale) for cash to resellers who mostly come from big towns.

After their produce is sold, the group members expect to make a profit of 17,000 to 18,500 CFA francs each, which they will use to pay the interest on the loan and ongoing family expenses.

In this group: Awa , Poro , Djeneba , Foune , Korotoumou , Nomi , Gneba , Alima Brouma , Bintou , Mathio

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Translated from French by Kiva volunteer Robert Mouris

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