Kobada 4 De (Kobada Nokabougou) Group
They are in a partnership with the micro-finance institution Soro Yiriwaso with the goal of obtaining financial support to carry out their winter-time work, which includes growing sorghum, peanuts, and beans. They are on their fifth experience with the institution. The past loans were correctly repaid.
This new loan will be used to buy fertilizer, herbicide, and minor farm supplies and equipment and will cover the cost of weeding and labor for maintaining 21 hectares.
A portion of their production is for their own consumption. The other portion is sold to customers composed of men and women at the marketplaces of Tingolé, Marka-Coungo, and Fana.
The group members plan on realizing an average profit of 40,000 francs CFA after the planting season.
Elles sont en partenariat avec l’institution de microfinance Soro Yiriwaso dans le but d’avoir un appui financier pour exercer leurs activités hivernales. Leurs activités sont entre autres la culture du sorgho de l’arachide et du haricot. Elles sont à leur cinquième expérience avec l’institution, les prêts passés ont été remboursés correctement.
Ce nouveau prêt sera utilisé pour acheter de l’engrais, de l’herbicide, des petits matériels agricoles et payer les frais de sarclage et de labour pour entretenir 21 hectares.
Une partie de leur production est auto consommée et l’autre partie est vendue sur les marchés de Tingolé, Marka-Coungo et Fana, à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 40 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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Success!! The loan was 100% repaid