Djiguisseme Ii Group
They collaborate with microfinance institution Soro Yiriwaso in order to carry out their agricultural work during the rainy season. The group is on their third loan with the institution and the previous two loans have been properly repaid.
The crop is corn and Moussa, standing in the middle of the photo, plans to purchase supplies and seeds and to pay for labor costs for two hectares with his loan. After the harvest, the produce is sold in the village and at the market in Sikasso to a group of customers made up of men and women.
Moussa expects to see an average profit of 300,000 CFA francs per season. This profit will allow him to repay his loan, as well as to help his extended family with their daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur troisième prêt avec l’institution et les deux prêts passés ont été bien remboursés.
La spéculation cultivée est : le maïs, et Moussa debout au milieu sur la photo,
compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 2 hectares.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Il compte réaliser un bénéfice moyen de 300.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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