Jiguisseme 2 Group
Hoping to make their agricultural work more profitable, the group members decided to take part in the Soro Yiriwaso loan program. The current loan will be used to purchase a sufficient quantity of seeds for peanuts and rice, as well as small equipment and soil inputs for cultivating the plants; these will be purchased at the large market of Blendio and the city of Nina. After wintering over, the harvests are stored for some time to build their value before being sold at the large market in Niéna and the surrounding markets. They are sold retail (and often wholesale), over the counter to customers who generally come from large cities.
Kadia plans to use her loan to purchase two bags of urea and two bags of complex fertilizer, with the remaining amount going towards costs of labor, including hoeing. She is aiming for an average profit of between 50,000 and 60,000 CFA francs, which will be used to pay off interest on the loan and for her family’s day-to-day 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 acheter, une quantité suffisante de semence d’arachide, de riz des petits matériels et des intrants pour la culture, au grand marché de Blendio et de Nina ville. 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 (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
KADIA compte utiliser son prêt pour acheter, 2 sacs d’urée, 2 sacs de complexe céréale et le reste comme frais de labour et de sarclage. Il envisage réaliser un bénéfice moyen de 50.000 à 60 000 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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