Noupagagnon 1 Group
They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are on their fourth loan with the institution and their previous loans have been duly repaid.
The featured borrower, Amadou, grows maize. In the photo, he is the third man from the left (in the standing row). He plans to use his loan to buy agricultural inputs and seeds, and to pay for the cost of plowing to cultivate 3 hectares (7.41 acres) of land.
After the harvest, he sells his crop in the village and at the Sikasso market. His customers are both men and women.
Amadou is expecting to make an average profit of 500,000 CFA francs per season. This profit will allow him to repay his loan and to contribute to his large family's daily expenses.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur quatrième prêt avec l’institution et les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Amadou en troisième position de la gauche vers la droite, il compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 3 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 500.000 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