Danaya Ii Group
They work with Kiva's partner, the MFI Soro Yiriwaso, in order to better organize their activities at the start of the rainy season. Their crops include, among others, peanuts, millet, okra, and sesame. The group is seeking its sixth loan from the MFI.
In the photograph, Baye is the second one from the left in the sitting row. She intends to buy farm inputs and small equipments, and pay for plowing to maintain about 1.5 hectare of millet and peanuts.
After the harvest, the production is sold in Dioïla, to a clientele comprising both men and women. She intends to turn an average profit of XOF 50'000 (ca US$ 100) per farming cycle.
Elles collaborent avec l’institution de micro finance Soro yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres l’arachide, du mil, du gombo et du sésame. Elles sont à leur sixième collaboration avec l’institution.
Avec ce nouveau prêt, BAYE deuxième personne à partir de la gauche dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1.5Ha de mil et d’arachide.
Les productions sont vendues au niveau de la ville de Dioïla, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 50 000F CFA environs par campagne.
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