Wolale I Group
They grow groundnuts, fonio and sesame. In order to ensure that their agricultural investments are profitable, the members of Wolale I Group decided two years ago to participate in the loan program of Soro Yiriwaso. After having properly repaid their previous loans, which were solidarity loans, they apply now for their first farming loan.
Martin D. wants to use her loan to buy adequate quantities of fonio and groundnut seeds, small equipment and farming supplies at the great market in San. After the rainy season, the harvest will be warehoused long enough for its value to increase, before it is sold at the great market in San, in Dah and at the nearby markets, retail (or often wholesale) for cash to customers who mostly come from big towns.
After their produce is sold, the members of Wolale I Group expect to make a profit of 29,000 to 30,000 CFA francs each, which they will use to pay the interest on the loan and ongoing family expenses.
Elles cultivent de l’arachide du fonio et du sésame.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe WOLALE I ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant 2 ans. Après correctement remboursé les prêts précédents qui étaient des prêts solidaires, elles sont à leur premier prêt de campagne.
MARTIN D. compte utiliser son prêt pour acheter, une quantité suffisante de semence de fonio, d’arachide, des petits matériels et des intrants agricoles, au grand marché de SAN. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de SAN, DAH et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe WOLALE I comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 29000 à 30000FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courant de la famille.
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