Fassokounawolo V Group
They have joined the microfinance institution Soro Yiriwaso in order to better organize their activities at the start of the rainy season. Among other crops, they cultivate groundnuts, rice and some millet. They are on their seventh loan with the institution.
The featured borrower, Ami, is sitting first from the left in the photo. She plans to use her loan to buy agricultural inputs and small tools, and to cover the cost of plowing to cultivate about 0.5 hectare (1.23 acre) of land on which she grows rice and groundnuts.
After the harvest, Ami sells her crop in the town of Massigui, to a customer base consisting of both men and women. She is expecting to make a profit of about 45,000 CFA francs 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, Ami 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 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 espère réaliser un bénéfice de 45 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