A loan of $1,625 helped a member to pay for plowing and weeding and to purchase seeds, farm inputs, and equipment.

Allakabon I Group's story

The ten members of the group "Allakabon I" are married women averaging 39 years of age and seven children each, all living in traditional families in Sinsinsa Kinisso, a village in Koutiala (3rd administrative region of the Republic of aMali). They are collaborating with the microfinance institution Soro Yiriwaso with the goal of carrying out their farm work during the rainy season. They are on their eighth loan with the institution. The past loans were indeed paid back.

The crops grown are peanuts and millet, as is the case with Fanta Alou, who is the second person standing from the left in the photo. With her loan, she intends to purchase farm inputs, seeds, and sundry equipment and to pay for plowing for maintaining about 1 hectare.

After the harvest, the produce is sold in the village of Koutiala to a men and women customers. She plans on making an average profit of 125,000 francs CFA at the end of planting. This profit will enable her to pay back the loan and to help her husband to cover day-to-day expenses.

In this group: Fanta Alou , Kadia Ousmane , Kadia Sekou , Diarra , Niadjio , Setou , Fanta Gaoussou , Barakissa , Diarra Solo, Fatoumata Daouda

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details