Fougnegue Vi Group
They work with the microfinance institution Soro Yiriwaso so that they can complete their agricultural activities during the off season.
This is their third loan with the institution. Their past loans have been repaid in full.
They grow peanuts. Of the seated women, Sicko is the 2nd from the left. She would like to use her loan to pay for labor costs, and to buy farm inputs and seeds to maintain 1 hectare of land.
After the harvest, they sell their crops in the village at the Kadiolo market. Their clientele is comprised of resellers and consumers.
She would like to earn an average profit of 90,000FCFA per season. This profit will help her repay her loan and help her husband with the day-to-day expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur troisième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : l’arachide avec Sicko 2 eme femme assise de la gauche vers la droite sur la photo.
Avec son prêt, elle compte payer les frais de labour, acheter les intrants et semences pour entretenir : 1 hectare.
La production est vendue au niveau du village, au marché de Kadiolo, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice moyen de 90.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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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Success!! The loan was 100% repaid