Danaya Iii Group
They work with the microfinance institution Soro Yiriwaso in order to better organize their businesses at the start of the rainy season. The crops they plant include peanuts, millet, and beans. This is their third collaboration with the institution.
With this new loan, FAKOUMA OUSMANE, the first person at left in the front row, would like to buy farm inputs, equipment, and plowing for 1.5 hectares of millet, peanuts, and beans.
After the harvest, they sell their crops in the city of Beleco to a clientele of men and women. She would like to earn a profit of 120,000 FCFA per season.
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 de l’arachide, du mil et du haricot. Elles sont à leur troisième collaboration avec l’institution.
Avec ce nouveau prêt, FAKOUMA OUSMANE la première personne à gauche dans le rang des debout, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1.5 Ha de mil, d’arachide en association avec le haricot.
Les productions sont vendues au niveau de la ville de Beleco, après les récoltes à une clientèle composée d’hommes et de femmes. Elle espère réaliser un bénéfice de 120 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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