Tièssiri 3 Group
With the goal of stocking up on farm inputs and using male labor for carrying out the upkeep work, they turned toward the microfinance institution Soro Yiriwaso and are now on their second farm loan cycle. The group members are going to grow peanuts, millet, okra, 'fonio', and black-eyed peas.
Ms. Binta (the woman seated first from the right in the photo) intends to use her loan to purchase a sack of fertilizer and have the plowing and weeding done on her fields. She supplies herself with labor from the association of young people, and as for the farm inputs, from the big market of Ségou.
With a land area of 1.5 hectares, she hopes to produce 12 sacks of peanuts and 3 sacks of millet. Part of the produce will be sold to manage sundry day-to-day household expenses, while the rest will be consumed by the family.
Madame Binta (femme Assise en 1ère position sur la photo de la droite vers la gauche) compte utiliser son prêt pour acheter 1 sac d’engrais, faire le labour et le désherbage de ses champs. Elle se ravitaille en main d’œuvre avec l’association des jeunes et en intrants agricoles au grand marché de Ségou. Avec une superficie de 1,5 hectare, elle espère produire 12 sacs d’arachide et 3 sacs de mil. Une partie de la production serait vendue pour gérer les petites dépenses du foyer au quotidien tandis que le reste serait auto consommée en famille.
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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