Kankeletigui 6 Group
Concerned about make their farms profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso. At the main market of Dembela, the current loan will be used to pay for: labor for plowing; a sufficient quantity of seeds to plant peanuts and rice; sundry supplies and equipment; and fertilizers and the like for raising crops.
The crops are stocked up for a while, so that become valuable following the off-season. And then they are sold at the main market of NIENA and at surrounding markets. Cash or credit is accepted from a customer base of people from large cities in general.
ROKIA intends to spend her loan on: a sack of urea, 2 sacks of cereal-blend fertilizer, and the labor for plowing and weeding. She envisions making a monthly profit of 15,000 to 20,000 francs CFA that will be used to repay the loan and to cover typical family expenses.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Le prêt actuel sera utilisé pour payer les frais de labours, acheter une quantité suffisante de semence d’arachide, de riz des petits matériels et des intrants pour la culture au grand marché de Dembela. 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 NIENA et dans les marchés environnants, en détail, au comptant à une clientèle venant généralement des grandes villes.
ROKIA compte utiliser son prêt pour acheter, 1 sac d’urée, 2 sacs de complexe céréale et le reste comme frais de labour et de sarclage. Elle envisage réaliser un bénéfice moyen de 15.000 à 20 000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes 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