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Fokaben I Group
In this Group: Djofin , Woji , Mani , Korotimi , Fantani , Bamokoro , Gnebani , Matou , Facouma , Nale
The ten members of the group Fokaben I are married women who average 43 years of age and four children each. They live for the most part in polygamous families in Fissaba, a village in the Commune of Massigui, in the Prefecture of Dioïla, Region of Koulikoro (2nd administrative region of the Republic of Mali). The women are collaborating with the micro-finance institution Soro Yiriwaso with the goal of organizing their work as winter begins. The crops grown include rice and peanuts. The group members are on their fifth collaborating with the institution.

With this new loan, KOROTIMI, who is standing second from the left in the photo, intends to buy farm inputs and to cover the cost of plowing in order to maintain a half hectare of rice and peanuts.

After the harvest, the produce is sold in the city of Massigui to a customer base composed of women and men. KOROTIMI plans on making an average profit of about 12,500 francs CFA at the end of the planting season.
View original language description ↓
Les dix membres du groupe Fokaben I sont des femmes mariées avec une moyenne d’âge de 43 ans et en moyenne 4 enfants. Elles vivent la plupart dans des familles polygames à Fissaba, un des villages de la commune de Massigui, préfecture de Dioïla, région de Koulikoro, 2ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres le riz et l’arachide. Elles sont à leur cinquième collaboration avec l’institution.
Avec ce nouveau prêt, KOROTIMI, deuxième debout à gauche, compte acheter les intrants et payer les frais de labour pour entretenir environs 0,5 hectare de riz et d’arachide.
Les productions sont vendues au niveau de la ville de Massigui après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 12.500 FCFA environs en de fin de campagne.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $12,517,200
    Funds lent in using Kiva
  • 457.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD