Tiessiri 1 Group
They collaborate with the microfinance institution, Soro Yiriwaso, with the aim of better organising their activities at the beginning of the rainy season. They grow among other things rice and groundnut. They are on their fifth loan with the institution.
With this new loan, Gnassa Gaousssou, who is standing on the far right, is planning to buy farm inputs, small tools and to pay for labor costs (hoeing) to maintain around one hectar of rice and groudnut.
The produce is sold once harvested in the town of Massigui to a customer base made up of men and women. They are expecting to make an average profit of around 50,000FCFA per 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, GNASSA GAOUSSSOU, qui la première debout à gauche compte acheter les intrants, les petits équipements et payer les frais de labour (sarclage) pour entretenir environs 1 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. Elles comptent réaliser un bénéfice moyen de 50 000FCFA environs par 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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