Sinignessigui Ii Group
They collaborate with the microfinance instituiton, Soro Yiriwaso, in order to be able to carry out successfully their farming activities during the winter months. They are on their seventh farming loan with the institution and all their previous loans have been repaid in full.
Rokia, who is sitting on the far right of the photo, grows rice. With her loan she is is planning to buy fertilizers and pay labor costs for the maintenance of a hectare of land. Once it has been harvested, the crop is sold to a customer base made up of men and women.
She expects to make a monthly profit of 190,000FCFA per season. This profit will enable her to repay her loan and she will reinvest the rest in her business.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur septième prêt de campagne agricole avec l’institution et tous les prêts précédents ont été correctement remboursés.
La spéculation cultivée est : riz avec ROKIA 1 ere à droite de la photo à position assise.
Avec son prêt, elle compte acheter des intrants et payer les frais de labours pour entretenir : 1 hectare.
La production est vendue au niveau du village, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 190 000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi de réinvestir le reste dans l’entreprise.
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