Allakabo 3 Group
The ladies are working with the microfinance institution Soro Yiriwaso in order to manage their agricultural businesses over the winter. This is their seventh loan from the institution. They repaid their previous loans properly.
Baoumou is the person standing on the far right of the photo. She is a farmer who grows groundnuts. She will use her loan to buy farming inputs, seeds and small farm machinery. She will also pay labor costs for maintaining one hectare of land.
After harvesting her crops, Baoumou will sell her produce in the village and in the market in Koutiala. She will sell to a customer base made up of both men and women. She plans to make an average profit of 150,000 CFA francs at the end of the season. This money will allow her to repay her loan and help her husband with their 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 Baoumou, première personne debout à 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 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 150.000FCFA 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