Balimaya Ii Group
They are collaborating with the Soro Yiriwaso micro-finance institution to better organize their activities at the start of winter. Their crops include ground peas, millet, peanuts and beans. This is their second farm loan, and the previous loan was repaid without problems.
With this new loan, NASSOUN D. plans to buy inputs and small farming equipment, and pay for the plowing required to maintain 1.3 hectares of ground peas and peanuts. After harvest, the produce is sold in Dioïla to a clientele composed primarily of dealers from the big cities. They hope to make an average profit of approximately 50,000FCFA by end of season.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage.
Les spéculations cultivées sont entre autres, le pois de terre, le petit mil, l’arachide et le haricot. Elles sont à leur deuxième prêt de campagne et le prêt précédent a été bien remboursé.
Avec ce nouveau prêt, NASSOUN D. compte acheter les intrants, les petits matériels agricoles et payer les frais de labour pour entretenir environs 1, 3 hectare de pois de terre et d’arachide.
Les productions sont vendues au niveau de la ville de Dioïla après les récoltes à une clientèle composée essentiellement de revendeurs venant des grandes villes.
Elles comptent réaliser un bénéfice moyen de 50.000FCFA environ en fin de 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