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Nadjegueton 2 Group
In this Group: Ousmane , Daouda , Siaka , Bourama, Issouf , Aguibou , Aboudou , Seydou , Bréhima, Drissa
The member of NADJEGUETON 2 are married men, averaging 50 years of age and six children. They all live in traditional families in Flazambougou, a village in Sikasso, in the third administrative region of Mali.

They work with Kiva's partner, the MFI Soro Yiriwaso, in order to be successful with their agricultural activities during the rainy season. Their crops is corn.

Ousmane, standing in the middle in the photograph, intends to use his part of the loan to buy fertilizers and seeds, and pay labor costs to maintain 3.5 hectares of land.

After the harvest, the production is sold in the village and at the market in Sikasso, to a clientele comprising mostly resellers from the larger cities.

Ousmane intends to turn an average monthly profit of XOF 450'000 (ca US$ 850) per farming cycle, to be used to repay the loan, and also support the daily expenses of his large family.
View original language description ↓
Les membres du groupe NADJEGUETON 2 sont des hommes mariées ayant une moyenne d’âge de 50 ans, 6 enfants et vivant tous dans des familles traditionnelles à Flazambougou, un des villages de Sikasso, 3ème région administrative du Mali.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
La spéculation cultivée est : le maïs, et Ousmane debout au milieu, sur la photo, compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 3,5 hectares.
La production est vendue au niveau du village, au marché de Sikasso après la récolte à une clientèle composée essentiellement de revendeurs venant des grandes villes.
Il compte réaliser un bénéfice moyen de 450.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille dans les dépenses quotidiennes.

Additional Information

Important Information

Soro 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.

About Mali

  • $1,200
    Average annual income
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 512.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Nadjegueton 2 Group's $3,925 loan helped a member to buy fertilizers and seeds, and pay labor costs.
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 4, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 1, 2012