Danaya 1 Group
They work with the microfinance institution Soro Yiriwaso in order to manage their agricultural activities properly during the rainy season.
They are on their third loan with the institution, and all their previous loans were repaid properly.
Ms. Nana, the woman standing third from the right in the photo, grows peanuts as her main crop.
With her loan, she intends to pay for agricultural inputs, seeds, small farming equipment, and labour costs to farm 0.5 hectares.
The produce will be sold at the town level and in San, after the harvest, to a clientele composed of men and women.
She intends to realize a profit of 40,000 FCFA at the end of the season.
This profit will allow her to repay her loan and also to help her husband with the daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur troisième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide Mme NANA, 3 eme debout de la droite vers la gauche, sur la photo.
Avec son prêt, elle compte acheter des intrants, semence, des petits matériels agricoles et payer les frais de labour pour l’exploitation de 0,5 hectare.
La production sera vendue au niveau du village et à San, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 40.000 FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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