A loan of $1,650 helped a member to purchase fertilizers and seeds and to pay for labor costs for the harvest.

Sonkoma Iii Group's story

The members of the group SONKOMA III are all married women with an average age of 35, have 4 kids and live in polygamous families in Togodaba, a village of Fakola, the 3rd administrative region of Mali.
The group works with the mircofinance institution Soro Yiriwaso in order to improve their farming business during the rainy season.
They are on their fourth round of financing; all previous loans were properly reimbursed.
Tene, the 2nd woman standing on the left, cultivates peanuts.
With her loan, she intends to purchase fertilizers and seeds, and to pay the labors costs to harvest 2 hectares of land.
She sells her peanuts at the village market after the harvest to both men and women customers.
She would like to make a profit of 145,500 cfa francs with each harvest.
The profits will allow her to pay back the loan and help her husband with the family's expenses.

In this group: Tene, Ramatou, Sanata, Minata Bourama, Naminata Abou, Minata Bourama, Mariam Inza, Djeneba Bourama, Diatou Zoumana, Rokia Drissa

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Translated from French by Kiva volunteer Emily Frye

Loan details

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Loan details