Balimaya 5 Group
They started a collaboration with the microfinance institution Soro Yiriwaso to better organize their activities during the rainy season. They grow millet and groundnuts, amongst others. They are now seeking assistance from the MFI for the third time.
MARAMOU is the group member standing first from the right. She plans to use her loan to buy inputs and small farming tools, and to pay for the cost of ploughing 0,75 hectare of millet and groundnuts.
After the harvest, the crops are sold in the city of Dioïla to a clientele consisting of men and women. Maramou hopes to earn an average profit of 155,000F CFA per season.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres le mil et l’arachide. Elles sont à leur troisième collaboration avec l’institution.
Avec ce nouveau prêt, MARAMOU, première personne à partir de la droite dans le rang des debout, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0,75 hectare de mil et d’arachide.
Les productions sont vendues au niveau de la ville de Dioïla, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 155 000F CFA environs par campagne.
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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