Nieleniton Iv Group
They are collaborating with the micro-finance institution, Soro Yiriwaso, with the aim of organizing their businesses better at the start of the winter season. The crops they grow include groundnut, millet and beans. They are on their eighth loan from the institution.
With this loan, Foune, who is sitting on the far right of the photo, is planning to buy fertilizers and small materials and to pay for the labor costs of maintaining around 0.5 hectares of millet and groundnut.
Once it has been harvested, the produce is sold in the town of Fana, to a customer base made up of men and women. Foune expects to make roughly 50,000FCFA 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 huitième collaboration avec l’institution.
Avec ce prêt, Foune la première personne à droite dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0.5 ha de mil et d’arachide
Les productions sont vendues au niveau de la ville de Fana, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice 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