Fasokounawolo I Group
With this new loan, SATA, who is the group's president and the first one standing at the right (in the photo), intends to buy farm inputs and to pay for plowing and weeding in order to maintain about 0.7 hectare of pearl millet and peanuts.
After the harvests, the produce is sold in the city of Massigui to a customer base composed of women and men. SATA plans on making an average profit of about 70,000 francs CFA at the end of the planting 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 le petit mil, le riz et l’arachide. Elles sont à leur cinquième collaboration avec l’institution.
Avec ce nouveau prêt, SATA, qui est présidente du groupe et la première debout à droite, compte acheter les intrants et payer les frais de labour, de sarclage, pour entretenir environs 0,7 hectare petit mil 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. SATA compte réaliser un bénéfice moyen de 70.000FCFA 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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Success!! The loan was 100% repaid