Danaya Iv Group
They grow, among other things, ground nuts, millet, and beans. They are on their third loan with the institution.
With this new loan, Karia, the first person seated on the left, plans to buy farm inputs, small pieces of equipment and to pay for the cost of labor to maintain about 2 hectares of millet and ground nuts.
After the harvest, the crops are sold in the town of Beleco to customers who are men and women. Karia hopes to earn about 110,000 francs CFA per field.
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 et du haricot. Elles sont à leur troisième collaboration avec l’institution.
Avec ce nouveau prêt, KARIA la première personne à gauche dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 2Ha de mil et d’arachide.
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 110 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