Yeredon A Group
They are working with the microfinance institution Soro Yiriwaso in order to bring their farming activities to a successful conclusion during the rainy season.
This is their fourth loan with the institution; previous loans have been duly repaid.
Sali (standing, first from the left in the photo) cultivates rice.
Sali is planning to use her loan to buy inputs, seeds, and to pay for the cost of plowing on 1.5 hectare of land.
Production is sold at the village level and at the Sikasso market, after the harvest, to a customer base which consists of resellers and consumers.
Sali is expecting average profits to reach 195,000 CFA francs per season.
These profits will help her to repay her loan and to support her husband in taking care of 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 quatrième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le riz avec SALI , 1 ere debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences et payer les frais de labour pour entretenir : 1,5 hectare.
La production est vendue au niveau du village, au marché de Sikasso, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice moyen de 195.000FCFA 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