Funded

Total loan: $1,000
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Fotemogoban 4 Group

Mali
Kapala, Mali / Farming

A loan of $1,000 helped a member to purchase fertilizers and herbicides and to cover the cost of plowing.


Fotemogoban 4 Group's story

The ten members of the group "FOTEMOGOBAN 4" are married women, who average 32 years of age and two children each. The women live for the most part in traditional families in Commune de KAPALA, in Cercle de SIKASSO (3rd administrative region of the Republic of Mali). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their third farm loan with the institution. The past loans were indeed paid back.

The crop grown is millet, as is the case with Ms. AMINATA BAKOROBA, who is sitting first from the right in the photo of this women’s group FOTEMOGOBAN 4. With her loan, she intends to purchase a 50-kg bag of fertilizer and a container of herbicide and to cover the cost of plowing for maintaining 0.5 hectare.

After the harvest, the produce is sold to a customer base composed of men and women paying with cash or credit in the village and in SIKASSO. She plans on making an average profit of 73,000 francs CFA per planting. This profit will enable her to pay back the loan with interest and also to help out her husband in covering day-to-day expenses.

In this group: Sali , Safiatou , Alimata Djome , Fatoumata Harima, Bibata, Bagnini , Oumou, Bakoro, Kadiatou, Aminata Bakoroba
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: June 13, 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 13, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children