Fougnegue Vii Group
They collaborate with the microfinance institution Soro Yiriwaso in order to bring their farming activity to a close during the of-season.
This is third loan with the institution; the previous loans have all been repaid in full.
Denefou is seating at the center on the photo. The cultivated crop is millet. She is planning on using her loan to buy farm inputs and seeds to maintain 1.5 hectares.
After harvesting, the production is sold in the village, at the Kadiolo market, to customers who are resellers and consumers.
She is planning on making an average profit of 90.000 Francs CFA per farming cycle. This profit will allow her to pay her loan and also to help her husband with the daily 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 : le mil avec Denefou assise au milieu sur la photo.
Avec son prêt, elle compte acheter les intrants et les semences pour entretenir : 1,5 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