Tiessiri 3 Group
They collaborate with the microfinance organization, Soro Yiriwaso with the goal of better organizing their winter agricultural activities.
The crops cultivated are peanuts, sesame, earth peas, and green beans.
They are on their third farming loan and both of their other previous loans were properly repaid.
With this new loan, Afou D. will buy seeds and small tools, and pay the laborer costs of maintaining approximately 1.3 hectares of peanuts. She sells her products after the harvest at the city level in Diolila to a client base essentially composed of commodity dealers.
The women of the Tiessiri 3 group expect an average profit of 45.000 FCFA after paying back the farming loan.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités hivernales.
Les spéculations cultivées sont le petit mil, l’arachide, le sésame, le pois de terre et le haricot.
Elles sont à leur troisième prêt de campagne et tous les deux prêts précédents ont été bien remboursés.
Avec ce nouveau prêt, AFOU D. compte acheter les intrants, les petits équipements et payer les frais de main d’œuvre pour entretenir environ 1, 3 hectare d’arachide.
La production est vendue au niveau de la ville de Dioïla après les récoltes à une clientèle composée essentiellement de revendeurs.
Les femmes du groupe Tièssiri 3 comptent réaliser un bénéfice moyen de 45.000FCFA 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