Sinignessigui Iii Group
They have joined the microfinance institution Soro Yiriwaso in order to successfully complete their farming activities during the rainy season. They are on their seventh farming loan with this institution, and all their previous loans have been duly repaid.
Awa (the featured borrower) cultivates groundnut. In the photo, she is in the middle of the standing row. She plans to use her loan to buy farming inputs and to pay for the cost of plowing on one hectare of land (2.47 acres).
After the harvest, Awa sells her crop to men and women, in her village.
She is expecting to make an average profit of 120,000 CFA francs per season, an amount which will allow her to repay her loan and reinvest 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 : l’arachide avec AWA au milieu de la photo position débout.
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 120 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