Heremakono I Group
They collaborate with the micro-finance institution Soro Yiriwaso so as to better organize their activities at the beginning of the rainy season. The crops they cultivate are, among others, rice and peanuts. They are on their first loan with Soro Yiriwaso.
With this first loan, FATOUMATA, seated second from the right, intends to buy farm inputs and small equipment, and pay the fees for plowing and weeding to maintain 0.75 hectares of rice and peanuts.
The crops are sold at the markets of Baou, Koula, Banco and N’Golobougou, after the harvest, to a clientele composed of men and women. Fatoumata expects to make an average profit of 70,000 F CFA at the end of the crop 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, FATOUMATA, la deuxième assise à droite, compte acheter les intrants, les petits équipements et payer les frais de labour et de sarclage pour entretenir environs 0, 75 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. Elle compte réaliser un bénéfice moyen de 70.000F 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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