Kotognogontala 3 Group
They collaborate with the microfinance institution Soro Yiriwaso in order to ensure the success of their agricultural activities during the winter season.
They are on their eighth loan with the institution. The previous loans have been duly repaid.
They cultivate tomatoes and jakatou [a vegetable from the eggplant family]--as for example, Abi (second from right standing) does.
With her loan, she plans to pay the costs of labor, buy agricultural inputs and seeds to work 2 hectares [ 5 acres[ of land.
After harvesting, the produce is sold at their village and at the Sikasso market, to a customer base composed of both women and men.
She plans to earn an average monthly income of 65,500 West African franks per agricultural cycle. This income will allow her to pay off her loan and also help her husband with everyday expenses.
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 ABI 2ème à droite position debout.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et les semences pour entretenir : 2 hectares.
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 65.500FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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