Siguitemasson I Group
They are working with the micro-finance institution Soro Yiriwaso in order to be able to better organize their activities at the beginning of the rainy season. The crops cultivated are, among others, rice and peanuts. They are on their first loan with Soro Yiriwaso.
With this loan, GNAFIN, the person in the middle in the seated row, intends to buy farm inputs, small agricultural material, and pay for plowing and weeding to maintain 0.5 hectares of rice and peanuts.
The produce is sold at the markets of Baou, Koula, Banco and N’Golobougou, after the harvest, to a clientele composed of men and women. The members of the group expect to make an average profit of 40,000 F CFA more or less per harvest.
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 première collaboration avec l’institution.
Avec ce prêt, GNAFIN la personne au milieu dans le rang des assises, compte acheter les intrants, les petits matériels agricoles et payer les frais de labour et de sarclage pour entretenir environs 0,5 hectare de riz et 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. Elles comptent réaliser un bénéfice moyen de 40 000F CFA 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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