A loan of $1,675 helped a member to buy agricultural inputs and seeds, and to pay for labor expenses and hoeing.

Kotognongontala 3 Group's story

The ten members of the Kotognongontala 3 group are all married women. They have an average age of 55 years, and have an average of five children each. They all live in traditional families in Fachoribougou, a village in Sikasso, the third-largest administrative region in Mali. They collaborate with the Soro Yiriwaso microfinance institution so that they can successfully continue with their businesses during the rainy season. They are on their tenth loan with the institution, and have repaid all their prior loans without incident.

The women in the group grow tomatoes, peppers and eggplant. Fanta is a member, and is pictured standing in the center of the photo. With her loan she plans to buy agricultural inputs, fertilizers and herbicides, as well as to pay for the labor expenses involved in farming her one hectare of land. After the harvest, she sells her produce in a village market in Sikasso and the surrounding areas, and her customers are both male and female.

Fanta expects to make a profit of 150,000 francs CFA each season. These profits will allow her to make repayments on her loan, as well as to help her large family with their daily expenses.

In this group: Fanta, Nassoun, Djalia, Sanata, Maminata Yaya, Mariam, Abi, Foune, Minata Sebou, Rokia

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Translated from French by Kiva volunteer Paul Lambert

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