Tiornola 1 Group
They collaborate with the Soro Yiriwaso microfinance institution in order to better manage their agricultural activities during the rainy season. They are on their seventh loan with the institution, having duly repaid their prior loans. They grow corn, which is the case of Mrs. Ariyatou, for example. She is the first one standing from the right in the photo. With her loan she plans to buy agricultural inputs [fertilizers etc] and seeds to work 1 ha of land. After harvesting, she sells her produce at the village market to a customer base composed of both men and women. She plans to earn 95,000 West African francs per agricultural cycle. This revenue will allow her to pay off her loan and also to help her husband with everyday 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 septième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le maïs avec Mme ARIYATOU debout en première position de la droite vers la gauche.
Avec son prêt, elle compte acheter les intrants et semences agricoles pour entretenir 1hectare. La production est vendue au niveau du village, au marché après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 95.000 francs CFA 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