The crop grown by this group of men is corn, as is the case with AROUNA, who plans to use this loan to cover the cost of plowing and to purchase manure and some pesticides.
After a harvest, the group’s produce is sold at the Farakala market and also at the Sikasso market to a customer base composed of women and men.
AROUNA plans on making an average profit of 180,000 francs CFA per planting. The profit will be used for meeting the needs of his family.
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.
La spéculation cultivée par ce groupe d’homme est le maïs avec AROUNA.
Avec ce nouveau prêt, AROUNA compte payer les frais de labour, acheter de l’engrais et de l’herbicide.
Les productions du groupe sont vendues au niveau du marché de Farakala et au marché de Sikasso après les récoltes à une clientèle composée d’hommes et de femmes.
AROUNA compte réaliser un bénéfice moyen de 180 000 par campagne qui sera utilisé pour prendre en charge les besoins 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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