A loan of $1,200 helped a member to buy fertilizer and herbicide and to pay for labor.

Fasokadi 3 Group's story

The ten members of the FASOKADI 3 group are married women, who are on average 37 years old and have on average 5 children, and who live for the most part in traditional families in KOROBARRAGE, a village in the KOUORO commune in the SIKASSO circle, the third administrative region of MALI. They are collaborating with microfinance institution Soro Yiriwaso in order to build up their agricultural businesses during the rainy season. They are on their fourth seasonal loan with microfinance institution Soro Yiriwaso, and the previous loans were properly repaid. The crops grown are peanuts with Mrs. ABATOU, standing second from the right in the photo in this women’s group FASOKADI 3. With this loan, she plans to buy three 50-kg sacks of fertilizer and two containers of herbicide and to pay for labor to maintain 0.75 hectares. After harvest, the goods are sold at the village in SIKASSO to a clientele composed of men and women for cash or credit. She plans to earn a monthly profit of 98,000 FCFA per season. This profit will allow her to repay her loan with interest and to help her husband with the family’s daily expenses.

In this group: Minata, Awa, Fatoumata, Abatou, Aminata, Kouta, Kadidia H, Nana, Aminata, Fatouma

Translated from French by Kiva volunteer Sherry W.

Loan details

Lenders and lending teams

Loan details