Katiereton 2 Group
They collaborate with the Soro Yiriwaso microfinance institution in order to carry their agricultural activities through the winter.
This is their third loan with the institution and the previous loan was repaid correctly.
The crops grown by this group of men are usually corn,like Kalifa Sibiri.
With this new loan, he plans to purchase products for the earth (fertiliser and weed killer), and small tools for the maintenance of his fields.
After the harvest the produce is sold in the village and at the market in Sikasso to men and women customers.
Kalifa Sibiri hopes to make an average profit of 110 000 FCFA for each field and wishes to continue his cooperation with Soro Yiriwaso.
His aim is to build a house for residence in the future.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur troisième collaboration avec l’institution et le prêt passé a été bien remboursé.
Les spéculations cultivées par ce groupe d’homme sont généralement le maïs tes avec KALIFA SIBIRI.
Avec ce nouveau prêt, il compte acheter des intrants ( engrais et herbicides), les petits matériels pour entretien des champs.
Les productions sont vendues au niveau du village et au marché de Sikasso après les récoltes à une clientèle composée d’hommes et de femmes.
KALIFA SIBIRI compte réaliser un bénéfice moyen de 110 000 FCFA par campagne et souhaite entretenir sa collaboration avec Soro Yiriwaso.
Il ambitionne de construire une maison à usage d’habitation dans l’avenir.
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