Jekadi E Group
They cultivate sweet pea, a product very sought after by the local manufacturers, who turn it into juice and export it.
With the goal of making their agricultural activities profitable, two years ago the group member decided to join the Soro Yiriwaso loan program.
Fatoumata plans to use her loan to purchase one bag of urea [fertilizers], two bags of complex cereals, and to sue the rest to cover costs of manual labor and weeding. The agricultural inputs will be bought at the big market of Sikasso. After the winter season, the harvested produce is stored until its value increases and it is then sol at the same market retail (often wholesale) to a diverse clientele.
Fatoumata plans to achieve a monthly income between 35,000 and 45,000 West African francs, which will be used to repay interest on her loan and cover everyday family expenses.
Elles exercent la culture du pois sucré, un produit très convoité actuellement par des industriels de la région qui font sa transformation en jus et son exportation.
Dans le souci de rentabiliser leurs activité agricoles, les membres du groupe ont donc décidé d’intégrer le programme crédit de Soro Yiriwaso il y’a maintenant deux ans.
FATOUMATA compte utiliser son prêt pour acheter 1 sac d’urée, 2 sacs de complexe et le reste comme frais de labour et de sarclage Ces intrants seront achetés au grand marché de Sikasso. 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 la même ville en détail (souvent en gros) à divers client.
Elle envisage réaliser un bénéfice moyen de 35.000 à 45 000 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