Dabawara 1 De (Dabawara Tingolé) Group
They are collaborating with the micro-finance institution Soro Yiriwaso to carry out their winter-time activities. The crops are peanuts and sorghum. The group is now on its fifth collaboration, and the past loans have indeed been settled.
With this new loan, the group members intend to buy fertilizer, herbicide, and minor supplies and equipment and to cover the cost of weeding and labor for maintaining 23 hectares.
A portion of their production is consumed at home. The other portion is sold after the harvests to customers composed of men and women in Marka-Coungo and Fana.
The group members plan on realizing an average profit of 25,000 francs CFA after the planting campaign.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités hivernales. Les spéculations sont l’arachide et le sorgho. Elles sont à leur cinquième collaboration avec l’institution, les prêts passés se sont bien dénoués.
Avec ce nouveau prêt, elles comptent acheter, de l’engrais, de l’herbicide, des petits matériels et payer les frais de sarclage et de labour pour entretenir 23 hectares.
Une partie de leur production est auto consommée et l’autre partie est vendue Marka-Coungo et Fana après les récoltes à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 25 000FCFA après la campagne.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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