Fassokounawolo I Group
They work with the Soro Yiriwaso microfinance institution in order to better organize their early winter activities. The crops cultivated include groundnuts, rice and a little mil. They are entering their seventh collaboration with the institution.
With this loan Sata Maro, the second person standing from the right, plans to buy inputs, small equipment, and pay for labor to maintain around five hectares (about 12.5 acres) of rice and groundnuts.
After harvesting, the crops are sold in the town of Massigui, to a clientele composed of men and women. She expects profits of around 125,000 FCFA per growing 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 l’arachide, du riz et un peu de mil. Elles sont à leur septième collaboration avec l’institution.
Avec ce prêt, Sata Maro la deuxième personne à droite dans le rang des debout, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 05 ha de riz et d’arachide
Les productions sont vendues au niveau de la ville de Massigui, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice de 125 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