Fokognouma 2 Group
Mrs. Djenefing (the one standing on the far left in the photo) plans to use her loan to buy three bags of urea, two bags of complex cereal fertilizers and two liters [0.5 gal] of herbicide. She buys agricultural inputs at the Bancoumana market. With a land plot of 5 ha [about 12 acres] she hopes to harvest 40 bags of peanuts, five bags of millet, five bags of rice, about 30 tubs of gumbo, and two bags of niébé beans and residues. Part of the produce, along with niébé residues, will be sold to provide for household needs, and the rest will be consumed by her own family.
Madame Djenefing (femme debout à l’extrême gauche sur la photo) compte utiliser son prêt pour acheter 3 sacs d’urée, 2 sacs de complexe céréales et 2litres d’herbicide. Elle se ravitaille en intrants agricoles à la foire de Bancoumana. Avec une superficie de 5,00ha, elle espère récolter 40 sacs d’arachide et 5sacs de mil, 5sacs de riz, une trentaine de baignoire de gombo, 2 sacs de niébé et des fanes. Une partie de la production serait vendue en plus des fanes de niébé pour assurer les besoins du foyer au quotidien et le reste serait auto consommé en famille.
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