A loan of $1,400 helped a member to buy agricultural inputs and seeds, and to pay for the cost of plowing.


Fotemogoban 3 Group's story

The ten members of the Fotemogoban 3 group are married women who, on average, are 37 years old and have five children each. They all live in traditional families in Kokouna, one of the villages of the Sikasso region, third administrative region of Mali.

They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are on their fourth loan with the institution and their previous loans have been duly repaid.

The featured borrower, Malado, grows maize. In the photo, she is in the middle of the standing row. She plans to use her loan to buy agricultural inputs and seeds, and to pay for the cost of plowing to cultivate 2 hectares (4.94 acres) of land.

After the harvest, she sells her crop in the village and at the Sikasso market to a customer base consisting of both men and women.

She is expecting to make an average profit of 150,000 CFA francs per season. This profit will allow her to repay her loan and to contribute to her large family's daily expenses.

In this group: Malado , Mama , Awa M , Lalaicha , Moussokoura, Aminata , Korotoum , Binta , Djeneba , Awa A

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Translated from French by Kiva volunteer Sophie Narayan



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