Siguitemasson Ii Group
They are collaborating with the microfinance institution Soro Yiriwaso to be able to better organize their activities in the beginning of the wintering. The crops grown are rice and peanuts. This is their first loan with the institution.
With this loan, Minata, the second seated from the left, plans on buying agricultural inputs and small farming equipment, and paying for labor and weeding to maintain approximately half a hectare of peanuts.
The harvested crops are sold at markets in Baou, Koula, Banco, and N'Golobougou to a customer base made up of both men and women. The women plan on making an average profit of 60,000 FCFA per cycle.
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 riz et l’arachide. Elles sont à leur première collaboration avec l’institution.
Avec ce prêt, MINATA la deuxième assise à gauche, compte acheter les intrants, les petits matériels agricoles et payer les frais de labour et de sarclage pour entretenir environs 0,5 hectare d’arachide.
Les productions sont vendues au niveau du marché de Baou, de Koula, de Banco et de N’Golobougou, après les récoltes à une clientèle composée d’hommes et de femmes. Les femmes du groupe SIGUITEMASSON II comptent réaliser un bénéfice moyen de 60 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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