A loan of $925 helped a member to buy farm inputs, seeds, and tools.

Wolale Bamana 6 Group's story

The group WOLALE BAMANA 6 is composed of married women from the village of CINZARA, in the prefecture of SAN, Region of SÉGOU (4th administrative region of the Republic of Mali). The women live in traditional families with their husbands, children, and other parents. And they average 42 years of age and have at least four children. The group members grow peanuts, fonio (a kind of millet), and sesame.

Concerned about making their plantations profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso three years ago. After properly repaying the previous loans, they are now on their third farm loan.

BAH, who is standing in the middle in the photo, intends to use her loan to buy a sufficient amount of peanut and fonio seeds, sundry supplies and equipment, and some inputs for farming. These items are purchased at the main market of SAN City. Following the off-season, the harvested crops are stocked for a certain time, so that they gain value. And then they are sold retail (and often in bulk) and for cash at the main markets of SAN and DAH and at surrounding markets. The customers generally come from large cities.

After selling the produce, the group members each plan on making a profit of 19,500 to 22,000 francs CFA that will be used for repaying the loan interest and for covering typical family expenses.

In this group: Nafouthio, Setou Solo, Saran, Beni, Awa Dramane, Fatoumta, Nassou, Gnere Kotigui, Ada

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Translated from French by Kiva volunteer Daniel Kuey

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