Niagnegueton 2 Group
They work with the microfinance institution Soro Yiriwaso in order to run their farms well during the rainy season.
They are on their seventh loan with the institution, and the previous loans were repaid properly.
Bintou Siriki, standing second from the left in the photo, grows peanuts.
With her loan, she intends to buy agricultural inputs, seeds, and small farming equipment, and to pay for labour costs to maintain 1.5 hectares.
The produce will be sold in the town and at the market in Koutiala after the harvest to a clientele composed of men and women.
She intends to realize an average profit of 190,000 FCFA at the end of the cycle.
This profit will allow her to repay her loan and also 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 septième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec Bintou Siriki , 2 eme debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences, des petits matériels agricoles et payer les frais de labour pour entretenir 1,5 hectare.
La production sera vendue au niveau du village et au marché de Koutiala, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 190.000FCFA en fin de 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