A loan of $1,325 helped a member to pay the labor costs and buy inputs and seeds.


Fougnegue I Group's story

The Fougnegue I group is made up of married women who all live in polygamous families in Ziangolodougou, a village in Kadiolo, the 3rd largest administrative region in Mali. The women have an average age of 42 years old, and an average of four children each. They are working with the microfinance institution, Soro Yiriwaso, in order to successfully carry out their farming work during the rainy season. This is their third loan with Soro Yiriwaso. Their previous loans were correctly repaid.

The speculation cultivated is: the peanut with Kadiatou, standing in the middle of the photo. With her loan, she plans to buy inputs, seeds, and pay the labor costs for the maintenance of 4 hectares. After the harvest, the produce is sold in the village, at the Kadiolo Market, to a clientele made up of consumers and resellers.

She plans to earn an average monthly profit of 200,000 FCFA per harvest. The profit will allow her to pay back her loan and help her husband cover the daily expenses.

In this group: Kadiatou, Mariam , Fatoumata , Djeneba , Rokia , Angnesse , Kali , N’Goro Chaka, Fatoumata Yacou , Djeneba Zoumana

Translated from French by Kiva volunteer Holden Ferry



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