Check out some available loans that are similar to this one!
Katiereton 3 Group
In this Group: Bakary , Bakary , Soungalo , Chaka , Chaka Zegue
The members of the group called KATIERETON 3 are married men with an average age of 50 and nine children, and most live in polygamous families in Nimprodioula, one of the villages making up the township of Sikasso, (third administrative region of Mali). They collaborate with the microfinance institution Soro Yiriwaso so as to be able to farm successfully during the rainy season. This is their second time working with the institution and their prior loan was correctly reimbursed.

The crop cultivated by this group of men is generally maize, as is the case with Soungalo. With this new loan he intends to buy agricultural entrants (fertilizer and herbicide) and small agricultural tools. The crops are sold after harvest, both in the village and at the Sikasso market, to a clientele composed of men and women.

Soungalo expects to make an average profit of 115,000 F CFA per harvest and hopes to continue his collaboration with Soro Yiriwaso. His ambition is to buy a bicycle for his children.
View original language description ↓
Les membres du groupe KATIERETON 3 sont des hommes mariés ayant une moyenne d’âge de 50 ans, 9 enfants et vivant la plupart dans des familles polygames à Nimprodioula un des villages de la commune de Sikasso, (3ème région administrative du Mali).
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur deuxième collaboration avec l’institution et le prêt passé a été bien remboursé.
Les spéculations cultivées par ce groupe d’hommes sont généralement le maïs avec SOUNGALO.
Avec ce nouveau prêt, il compte acheter des intrants ( engrais et herbicide) et les petits matériels agricoles.
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.
SOUNGALO compte réaliser un bénéfice moyen de 115 000 FCFA par campagne et souhaite entretenir sa collaboration avec Soro Yiriwaso.
Son ambition est d’acheter un vélo pour ses enfants.

Additional Information

Important Information

Soro 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.

About Mali

  • $1,200
    Average annual income
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 452.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Katiereton 3 Group's $1,775 loan helped a member to buy fertilizer, small agricultural tools, and herbicides.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 20, 2011
Listed
Jun 9, 2011
Currency Exchange Loss:
Possible
Ended:
May 11, 2012