Funded

Total loan: $1,375
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Ankabenkelekan 8 Group

Mali
Fonfona, Mali / Farming

A loan of $1,375 helped a member to pay for labour costs, seeds, farming inputs and agricultural materials.


Ankabenkelekan 8 Group's story

The ten members of the Ankabenkelekan 8 Group are married women with an average age of 38 and an average of four children each. They all live within traditional family frameworks in Fonfona, one of the villages of Koutiala, the third administrative region of Mali. They are collaborating with the Soro Yiriwaso microfinance institution so that they can see through their agricultural activities during the winter period. This is their ninth loan with Soro Yiriwaso, with whom their previous loans were paid back in full. The group's main produce is rice and peanuts. The group's representative is Minata, the woman sitting in the middle of the front row in the photo. With this loan, she is planning on purchasing farming inputs, seeds and agricultural materials, as well as paying for the labour costs involved with hoeing two hectares of land. After the harvest, the produce will be sold on a village level as well as around Koutiala to a customer base made up of both men and woman. She is planning on making an average profit of 205,000 FCFA by the end of the season. These profits will allow her to pay off the loan. They will also allow her to aide her husband with their daily living expenses.

In this group: Mariam Mamoutou, Kadia , Kadia , Rokia Marifou , Bintou Fousseyni , Sitan Djibril , Minata , Salimata Tidiane , Koro Nafo, Mamou Siaka
*not pictured

Translated from French by Kiva volunteer Christopher Smith



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: June 19, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams




Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: June 19, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children