The crop grown is corn, as is the case with Mr. Brehima, who is standing first from the left in the photo. With his loan, he intends to purchase seeds and fertilizer for maintaining 3 hectares.
After the harvest, the produce is sold in the village, at the Sikasso market, to a customer base composed of men and women. He plans on making a profit of 500,000 francs CFA per planting. This profit will enable him to repay the loan with interest and also to meet his family's day-to-day expenses.
Ils collaborent avec l’institution de micro finance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
lls sont à leur cinquième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Mr Brehima debout en première position de la gauche vers la droite.
Avec son prêt, il compte acheter les semences les engrais 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 de 500 000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi a prendre en charge les dépenses quotidiennes de sa famille.
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