Wolale Marakasso 1 Group
They grow exclusively sesame. To make their crop-farming profitable, group members decided two years ago to join the Soro Yiriwaso loan program. Having successfully repaid previous loans, they are now on their second agricultural loan cycle.
Kadia, first sitting on the right with a black scarf, wants to use her portion of the loan to buy sesame seeds, small farming equipment and agricultural inputs at the general market in San.
After the rainy season, crops are stored for a while so that they can gain value before being resold at the general market in San, Dah and in surrounding markets, retail (often in bulk) against cash mainly to customers coming from large towns.
After selling their agricultural products each member of the group hopes to achieve profits between 29,000 and 30,000 FCFA, which will be used to repay loan interests and cover ongoing family expenses.
Elles cultivent exclusivement du sésame. Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans et sont à leur deuxième prêt de campagne. KADIA, la première assise à droite avec une écharpe noire, compte utiliser son prêt pour acheter, de la semence de sésame, des petits matériels et des intrants agricoles, au grand marché de SAN. Après l’hivernage, la récolte est stockée pendant un certain temps pour qu’elle ait de la valeur avant d’être vendue au grand marché de SAN, de DAH 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 29000 à 30000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courant 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