Kotognogontala 5 Group
The group is on their fifth loan with the institution, and all of their previous loans have been repaid.
Nassira, standing in the middle of the photo, grows ground nuts and corn. With her loan, she plans to buy farm inputs, fertilizer, herbicide, and seeds and also pay the cost of labor to maintain one hectare of land.
After the harvest, she will sell her crops in the village to men and women customers. She hopes to earn 105,000 francs CFA per field. These earnings will allow her to pay back her loan and also help her husband with the everyday expenses and support her children's health costs.
Elles collaborent avec l’institution de micro finance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur cinquième prêt avec l’institution et les autres prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide et le maïs avec Nassira débout au milieu sur la photo. Elle compte acheter avec son prêt, des intrants, l’engrais, herbicide, semences et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du village. Après la récolte elle vend à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 105.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider son mari dans les dépenses quotidiennes et subvenir au frais de santé de ses enfants.
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