Tiemprokotie 1 Group
Wanting to make their farming operations profitable, the group members decided to join Soro Yiriwaso's loan program four years ago. After having duly repaid their preceding loans, they are on their fourth farming loan.
Sali, standing beside her child, will use her loan to buy a sufficient amount of peanuts to plant, small tools and equipment, and other planting supplies at the large market in the city of Kimparana. After the rainy season, the harvest is stockpiled for some time in order to increase its value. Then it will be sold retail (often wholesale) at the big market in Kimparana, in Moribila, and in surrounding markets on cash basis to customers mainly from large cities.
After selling their harvests, the group members each plan to make a profit between 65,000 and 95,000 FCFA, which will be used to pay back interest on the loan and for daily living expenses.
SALI, qui a l’enfant à côté, utilisera son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels et des intrants agricoles pour la culture, au grand marché de Kimparana 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 Kimparana, de MORIBILA et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 65 000 à 95 000 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