Yeredon 4 Group
They work with the Soro Yiriwaso microfinance institution to help carry out their agricultural activities during the rainy season. They are on their fifth loan with the institution, and past loans have been repaid in full.
Fatoumata Aly grows rice, and is standing in the middle of the photo. With her loan, she intends to buy inputs and pay for plowing to cultivate 0.75 hectares (approximately 2 acres). After harvest, the crop is sold at village level and at the Sikasso market, to both men and women customers.
She expects to make an average profit of 95,000 FCFA per crop. The profits will enable her to pay off her loan and also to help her husband with 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 cinquième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le riz avec FATOUMATA ALY , debout au milieu sur la photo.
Avec son prêt, elle compte acheter des intrants et payer les frais de labour pour entretenir : 0,75 hectare.
La production est vendue au niveau du village, au marché de Sikasso, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 95.000FCFA 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