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Yeredon Ii Group
In this Group: Kounta , Ferima , Momo , Niara , Pere, Fatoumata Diba , Yanougo , N’Golo Niogo , Tenin Warazan , Doutio
The members of the Yeredon II group are married women with an average age of 39 and, on average, 6 children, who all live in polygamous families in Foh, one of the villages in Sikasso, the third administrative region of Mali. They are working with the Soro Yiriwaso microfinance institution so that they can carry out their farming activities during the rainy season. This is their 6th loan from the institution and their previous loans have been correctly repaid.

Kounta, standing in the middle of the picture, grows sorghum. She plans to use her loan to buy seeds and fertilizer needed for the cultivation of 1 hectare of farmland. After the harvest, the produce is sold in her village and at the Sikasso market to a clientèle made up of men and women. She expects to make an average profit of 155 000 francs per crop cycle. This profit will allow her to repay her loan and to support her husband with the daily living expenses.
Les membres du groupe YEREDON II sont des femmes mariées ayant une moyenne d’âge de 39 ans, 6 enfants et vivant toutes dans des familles polygames à FOH, un des villages de SIKASSO, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur sixième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le sorgho avec KOUNTA debout au milieu.
Avec son prêt, elle compte acheter les semences et les engrais 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 155.000 FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.

Additional Information

Important Information

Soro 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.

About Mali

  • $1,200
    Average annual income
  • 17
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 504.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yeredon Ii Group's $1,350 loan helped a member to buy agricultural inputs and seeds.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014