Djidiankola Bougoula Ii Group
With this loan, AÏDA, who is standing in the middle of the photo, intends to buy farm inputs and assorted supplies and equipment and to pay for plowing and weeding to maintain about 0.5 hectare of rice and peanuts.
After the harvests, the produce is sold locally at the village market and at the markets of Banco and N’Golobougou. The customer base is composed of women and men. AÏDA plans on making a profit of 40,000 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 entre autres le riz et l’arachide. Elles sont à leur première collaboration avec l’institution.
Avec ce premier prêt, AÏDA, debout au milieu, compte acheter les intrants, les petits équipements et payer les frais de labour et de sarclage pour entretenir environs 0,5 hectare de riz et d’arachide.
Les productions sont vendues sur place au marché du village, au niveau du marché de Banco et de N’Golobougou, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice de 40.000 F CFA 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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