A loan of $675 helped a member to buy farm inputs and seeds, and to cover the cost of plowing during the farming season.


Heremakono Ii Group's story

The members of the HEREMAKONO II group are married women who are, on average, 39 years old with four children each. They all live in polygamous families in Kotla, one of the villages of the Fakola commune (third administrative region of Mali). They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. This is their second loan with the institution, and their previous loan was duly repaid. Fanta, a member of the group, grows groundnuts. In the photo, she is in the front row, first from the right. She plans to use her loan to buy some farm inputs and seeds, and to cover the cost of plowing to maintain two hectares (4.9 acres) of land. After the harvest, she sells her crop in her village and in Fakola, to a customer base consisting of men and women. She is expecting to make an average profit of 155,500 CFA francs per growing season. This profit will allow her to repay her loan and to help her husband with the household's daily expenses.

In this group: Fanta, Sali , Korotoumou, Fanta , Chata , Ramatou Tiemogo
*not pictured

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Translated from French by Kiva volunteer Sophie Narayan



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