A loan of $625 helped a member to pay for the cost of plowing and weeding, and to buy seeds, fertilizer, herbicide and small tools.


Fassokounawolo V Group's story

The six members of the FASSOKOUNAWOLO V group are married women who, on average, are 30 years old and have three children each. Most of them live in polygamous families in Koba, one of the villages of the Massigui commune, in the Cercle of Dioîla, Koulikoro region (second administrative region of Mali).

They have joined the microfinance institution Soro Yiriwaso in order to better organize their activities at the start of the rainy season. Among other crops, they cultivate groundnuts, rice and some millet. They are on their seventh loan with the institution.

The featured borrower, Ami, is sitting first from the left in the photo. She plans to use her loan to buy agricultural inputs and small tools, and to cover the cost of plowing to cultivate about 0.5 hectare (1.23 acre) of land on which she grows rice and groundnuts.

After the harvest, Ami sells her crop in the town of Massigui, to a customer base consisting of both men and women. She is expecting to make a profit of about 45,000 CFA francs per growing season.

In this group: Korotoumou , Satou , Korotoumou , Alimata Adama, Ami , Machitan
*not pictured

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Translated from French by Kiva volunteer Sophie Narayan



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