A loan of $1,225 helped a member to pay labor costs, and to buy farming inputs, small farm machinery and seeds.


Allakabo 3 Group's story

The ten members of the 'Allakabo 3' group are married women who have an average age of 34 and four children. They all live in traditional families in Sincina Kinisso, a village in Koutiala, the third administrative region of Mali. The ladies are working with the microfinance institution Soro Yiriwaso in order to manage their agricultural businesses over the winter. This is their seventh loan from the institution. They repaid their previous loans properly. Baoumou is the person standing on the far right of the photo. She is a farmer who grows groundnuts. She will use her loan to buy farming inputs, seeds and small farm machinery. She will also pay labor costs for maintaining one hectare of land. After harvesting her crops, Baoumou will sell her produce in the village and in the market in Koutiala. She will sell to a customer base made up of both men and women. She plans to make an average profit of 150,000 CFA francs at the end of the season. This money will allow her to repay her loan and help her husband with their daily expenses.

In this group: Djata , Chitan , Mamou Arouna , Kadiatou , Fatoumata, Baoumou , Batou , Mariam , Noumousso , Ami
*not pictured

Translated from French by Kiva volunteer Linda Oxnard



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Loan details