Jiguiya 3 Group
They work with the microfinance institution Soro Yiriwaso in order to manage their agricultural activities during the rainy season.
They are on their second loan with the institution, and the previous loan was repaid properly.
Awa, standing in the middle of the photo, grows rice.
With her loan, she intends to buy agricultural inputs and seeds to cultivate 1 hectare.
The produce is sold at the town level at the Sikasso market after the harvest to a clientele composed of men and women.
She intends to realize an average profit of 145,000 FCFA per cycle.
This profit will allow her to repay her loan and also help her husband with the daily household 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 deuxième prêt avec l’institution et le prêt passé a été bien remboursé.
La spéculation cultivée est le riz avec AWA debout au milieu.
Avec son prêt, elle compte acheter des intrants et semences pour entretenir 1 hectare.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 145.000 FCFA par 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