Djiguisseme 1 Group
They cooperate with the Soro Yiriwaso microfinance institution to carry out their agricultural activities during the rainy season. They are on their sixth loan with the institution and past loans have been repaid in full.
The crop they have selected is corn and Adama, standing third from left to right, will use the loan to buy inputs, seeds and pay labor to maintain 7.5 acres.
Production is sold after harvest at the Sikasso village market to a clientele composed of men and women.
He expects to achieve an average profit of 450,000 FCFA per growing season.
This profit will allow him to pay off his loan and also help the enlarged family with daily expenditures.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur sixième prêt avec l’institution et les prêts passés ont été bien remboursés.
La spéculation cultivée est : le maïs, et Adama debout en troisième position de la gauche vers la droite, compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 3 hectares.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Il compte réaliser un bénéfice moyen de 450.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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