Tiornola 2 Group
They work together with the microfinance institution Soro Yiriwaso so as to succeed with their agricultural activities during the rainy season. They are on their seventh loan with the institution and the preceding loans have been correctly reimbursed.
The crop cultivated by Mrs. Assanatou, standing in the middle, is maize. With her loan she is intending to buy inputs and seeds to farm one hectare. Her produce is sold in the village, at the market, after the harvest, to a clientele composed of men and women. She intends to make a profit of 115,000 francs CFA this season. This profit will allow her to repay her loan and help her husband with 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 septième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le maïs avec Mme ASSANATOU debout au milieu.
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 115.000 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