Tiessiri I Group
This is their 5th loan with Soro Yiriwaso. With the new loan, Bagnessira, 1st person standing on the right, plans to buy farm inputs and pay for plowing costs for 0.5 hectares of rice and groundnuts. The crops are sold in Massigui after the harvest, to customers who are both men and women. Bagnessira expects to make an average profit of around 20,000 CFA francs at the end of the season.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres le riz et l’arachide. Elles sont à leur cinquième collaboration avec l’institution.
Avec ce nouveau prêt, BAGNESSIRA, qui est la première debout à droite, compte acheter les intrants et payer les frais de labour pour entretenir environs 0,5 hectare de riz et d’arachide.
Les productions sont vendues au niveau de la ville de Massigui après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 20.000FCFA environs en fin de campagne.
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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