A loan of $775 helped a member to purchase labor, farm inputs, and seeds.


Kotognongontala I Group's story

The members of Kotognongontala I Group are married women who, on average, are 42 years old, have six children, and all live in polygamous families in Korobarrage, a village in Sikasso, Mali's third administrative region. They collaborate with microfinance institution [MFI] Soro Yiriwaso in order to successfully carry out their farming during the rainy season. The group is on its fifth loan with the MFI, and the previous loans have been properly repaid.

The crop to be grown is corn, with Mrs. Satou, seated second from the left in the photo. With her loan, Mrs. Satou plans to pay for [enough] labor, seeds, and fertilizer to maintain half [a hectare]. The crop will be sold in the village market after the harvest, to male and female customers.

Mrs. Satou expects to see a profit of 90,000 CFA francs per crop. This profit will allow her to repay her loan and to help her husband with the day-to-day expenses.

In this group: Rokia , Mah , Binta , Hawa , Maimouna , Maimouna , Afou , Satou , Kadiatou , Aminata

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Translated from French by Kiva volunteer Jessalyn Pinneo



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