Djiguisseme Ii Group
They work with the Soro Yiriwaso microfinance institution in order to maintain their farming activities over the rainy season. This is their sixth loan with the institution and all their previous loans have been repaid in full.
The crop cultivated is maize. N’golo, who is pictured standing second from the left, is planning to use his loan to buy farm inputs and seeds, and pay the labour costs to maintain two hectares. After harvest, the produce is sold in the village and at the Sikasso market to both men and women customers.
N’golo is hoping to make an average of 300,000 CFA francs per campaign. This money will help him pay off the loan and support his large family with day-to-day expenses.
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 N’golo debout en deuxième position de la gauche vers la droite, compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 2 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 300.000 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