Kotognogontala 5 Group
They collaborate with microfinance organization Soro Yiriwaso to carry out their agricultural activities during the rainy season. They are on their eighth loan with the organization, previous loans having been repaid successfully.
The species they cultivate are tomatoes and jakatou for Abi, who is standing up on the right. With her loan, she intends on paying plowing costs and buy fertilizers and seeds to cultivate 2.5 acres.
After the harvest, production is sold at the village level and at the Sikasso market to a clientele composed of men and women. She is counting on an average profit of 65,500 FCFA per agricultural cycle. This benefit will allow her to repay her loan and to also help her husband with daily expenses.
She wishes to maintain this collaboration with Soro Yiriwaso in order to operate an even larger cultivation space, the better to increase her profits.
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 1ère à droite position debout.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et les semences pour entretenir : 1hectare.
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.
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