A loan of $3,600 helped a member to pay for plowing costs, and the purchase of fertilizers and weedkillers.

Kotognogontala. Group's story

The ten members if the Kotognogontala group are married men. On average, they are 40 years old with 4 children, and most of them live in polygamous families in Kolokodeni, one of the villages in the commune of Kolokoba, Sikasso prefecture (third administrative district of Mali). They are working with micro-finance institution Soro Yiriwaso so that they can manage their farming activities during the rainy season. This is their fifth experience with Soro Yiriwaso, and all previous debt has been completely repaid.

The men plan to grow corn. With this new loan, Seriba expects to pay for plowing costs and buy fertilizer and weedkiller. After harvest, the group's crops are sold at the Farakala and Sikasso markets, to customers who are both men and women. Seriba is planning to make an average profit of 280,000 with each loan. The profit will be used to pay for the family's needs.

In this group: Seriba, Yacouba, Madou, Sinaly, Souleymane, Daouda, Sekou, Zana, Kalifa, Abdoulaye

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Translated from French by Kiva volunteer Sarah Puchner

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Loan details