A loan of $1,725 helped a member to pay for labor and agricultural inputs.

Walegnoumadon Group's story

The 10 members of the Walegnoumadon group are all married women who are on the average 43 years of age and have three children. They all live in nuclear families in Lobougoula, a village in the third administrative district of Mali (Sikasso). They collaborate with the Soro Yiriwaso microfinance institution in order to better manage their agricultural activities during the winter season.

They are on their sixth agricultural cycle campaign with our institution; all their prior loans have been duly repaid. They cultivate sweet peas, as, for example, Fanta does. She is the first one standing on the right on the photo. With this loan, she plans to buy agricultural inputs [fertilizers etc] and pay for labor to work 1 ha [2.5 acres] of land. After harvesting her produce, she sells it in the village, to a customer base composed of both men and women. She plans to achieve an average revenue of 250,000 West African francs per agricultural cycle. These revenues will allow her to pay off her loan and also to help her husband provide for everyday expenses.

In this group: Ramatou, Mariam, Aminata, Korotoumou, Minian, Naminata, Bintou, Rokia, Djama, Fanta

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Translated from French by Kiva volunteer Katharina S

Loan details

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