A loan of $975 helped a member to buy inputs, seeds, and small farming equipment.

Sabougnouma 1 Group's story

SABOUGNOUMA 1 is a group of married women from the village of KIFOKAN in the prefecture of SAN, region of Ségou (fourth administrative region of the Republic of Mali). They live in traditional families with their husbands, children and other relatives. They average 41 years of age and have at least eight children each.

They grow fonio, beans and okra. In order to make their farming activities profitable, the group members decided to join the Soro Yiriwaso microfinance organization two years ago. Having correctly repaid their first loan, they are now seeking a second one.

KADIA, standing third from the left with a white scarf wrapped around her head, plans to use this loan to buy fonio seeds, to pay for the cost of plowing and weeding, and to buy small farming equipment and agricultural inputs. She will make her purchases at the grand market of Kimparana. After the rainy season, the crops will be stored for a while to increase in value prior to being sold for cash at the Kimparana market and surrounding markets, at retail (often wholesale), to customers who typically come from large cities.

Once their products are sold, the group members expect to earn a profit ranging between 15,000 to 17,000 FCFA each, which they will use to pay the interest on the loan and to cover recurring household expenses.

In this group: Kadia , Maimouna , Djeneba , Tere , Fatoumata , Karya , Mariam , Awa Tonas , Ramata , Bintou

Translated from French by Kiva volunteer

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