Wossidji V Group
They collaborate with the Soro Yiriwaso microfinance institution in order to be better manage their business at the beginning of the rainy season. They cultivate, among other produce, millet, peanuts and okra. They are on their sixth loan with Soro Yiriwaso. With this new loan, Assitan, the first one seated on the right, plans to buy agricultural inputs [fertilizers etc] and small tools as well as pay the cost of labor to work about 1.5 ha [about 4 acres] of millet, corn and peanuts as well as okra.
After harvesting, the produce is sold in the twon of of Fana, to a customer base composed of both men and women. Assitan plans to earn about 150,000 West African francs during this agricultural cycle.
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 du mil, et d’arachide en association avec le gombo. Elles sont à leur sixième collaboration avec l’institution.
Avec ce nouveau prêt, ASSITAN 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 1.5Ha de mil, de mais et d’arachide en association avec le gombo
Les productions seront 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 150 000F CFA environs pendant cette 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