The crop grown is corn. Moustapha, the group's president (the second one standing in the photo with a white beard) intends to use his loan to buy farm inputs and seeds and to cover the cost of plowing for maintaining 2 hectares.
The produce is sold in the village and at the San market after the harvest. The customer base is composed essentially of retailers from large cities, such as Bamako, Mopti, and Ségou.
He expects to make an average profit of 300,000 francs CFA at the end of the planting season. This profit will enable him to repay his loan and also to help the extended family to cover day-to-day expenses.
Ils 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 Moustapha, le président du groupe, 2 eme debout avec une barbe blanche sur la photo, compte acheter avec son prêt, des intrants, de la semence et payer les frais de labour pour entretenir : 2 hectares.
La production est vendue au niveau du village, au marché de San, après la récolte, à une clientèle composée essentiellement de revendeurs venant des grandes villes tels Bamako, Mopti et Ségou.
Il compte réaliser un bénéfice moyen de 300.000FCFA en fin de 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