With the goal of obtaining fertilizer (urea) and being able to help each other using male and female manual labour to maintain their farms, the group members turned to Soro Yiriwaso and are on their second farm loan cycle. The group members are going to grow peanuts, millet, okra, and cowpeas.
Ms. Oumou (in the middle of the women standing in the photo), intends to use her loan to pay for urea and to recruit paid manual labour to maintain and weed her fields. She gets her agricultural inputs at the market fair in Ségou and hires workers from the local youth association and women in the town.
With 2 hectares' worth of farmland, she hopes to produce 5 sacks of millet, 20 sacks of okra, and 5 sacks of cowpea and leaf stalks. In addition to the cowpea leaf stalks, a portion of the produce will be sold to manage her household's small daily expenses, while the rest will be consumed by the family.
Ms. Oumou's future goal is to buy and raise small ruminants.
Madame Oumou (au milieu des femmes debouts sur la photo) compte utiliser son prêt pour acheter l’urée et recruter la main d’œuvre payante pour faire le labour et le désherbage de ses champs. Elle se ravitaille en intrants agricoles à la foire de Ségou et en main d’œuvre avec l’association des jeunes et des femmes du village. Avec une superficie de 2 hectares, elle espère produire, 5 sacs de mil, 20 sacs de gombo, 5 sacs de niébé et des fanes. En plus des fanes de niébé, une partie de la production sera vendue pour gérer les petites dépenses du foyer et le reste serait auto consommée en famille. Madame Oumou a pour objectif d’acheter des petits ruminants pour des fins d’élevage.
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