Fotemogoban C Group
They are working with the microfinance institution Soro Yiriwaso to carry out their agricultural activities during the rainy season. The group is one their fourth loan with the institution and their prior loans have been repaid in full.
Portio (shown in the photo standing in the center), grows crops of corn. With her loan, she intends to buy agricultural inputs and seeds, and pay for the labor cost of maintaining one hectare of farmland. After the harvest, produce is sold in the Sikasso village market to a clientele composed of men and women.
Portio expects to earn an average income of 100,000 FCFA per agricultural cycle. The money she earns will allow her to repay her loan and to help her family pay for their daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur quatrième prêt avec l’institution et les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Portio debout au milieu sur la photo, elle compte acheter avec son prêt, des intrants, la semence et payer les frais de labour 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 100 000 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