Kotognogontala 1 Group
They collaborate with the microfinance institution Soro Yiniwaso in order to ensure success of their agricultural activities during the winter season.
They are on their eighth loan with the institution. Past loans have been duly reimbursed. They cultivate tomatoes and "jakatou" [a vegetable belonging to the eggplant family], as, for example, Fanta does. She is the first one standing on the right in the photo.
With this loan she plans to pay the costs of manual labor, buy agricultural inputs and seeds in order to cultivate 2 hectares [5 acres] of land. The produce is sold in their village as well as at the market of Sikasso, to a customer base composed of both men and women. She plans to achieve a monthly income of 145,500 per agricultural cycle. This income will allow her to pay her loan and to help her husband with everyday expensive. She would like to continue this collaboration with Soro Yiriwas on order to cultivate a larger plot and increase her income.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur huitième prêt avec l’institution, les prêts passés ont été bien remboursés.
Les spéculations cultivées sont : la tomate et le jakatou avec FANTA 1ère à droite position debout.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et les semences pour entretenir : 2hectares.
La production est vendue au niveau du village et au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 145.500FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Elle souhaite entretenir cette collaboration avec Soro Yiriwaso afin d’ exploiter un espace cultural encore plus grand pour mieux en tirer plus de gains.
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