Fokognouma 5 Group
With the goal of using fertiliser and weedkiller in their fields during the rainy season, they decided to join the credit programme at Soro Yiriwaso and are on their third cycle of agricultural loan. The group members are going to grow peanuts, cornmeal, rice, okra and cowpeas. Kadiatou (the woman standing third from the right in the photo) plans to use her loan to purchase 2 litres of weedkiller, 4 bags of nitrogen fertiliser and some complex cereals. She buys her agricultural supplies in the Bancoumana market. With 3 hectares of land, she hopes to harvest 40 sacks of peanuts, 3 sacks of cornmeal, and 2 sacks of cowpeas with their top leaves.
Part of the production will be sold, as well as the cowpea plant tops, in order to finance the family's daily requirements, and the rest will be eaten by the family.
Madame Kadiatou (femme debout en 3ème position de la droite vers la gauche sur la photo) compte utiliser son prêt pour acheter 2 litres d’herbicide, 4 sacs d’engrais constitués d’urée et de complexe céréales. Elle se ravitaille en intrants agricoles à la foire de Bancoumana. Avec une superficie de 3,00ha, elle espère récolter 40 sacs d’arachide et 03sacs de mil, 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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