Tioumoutie 2 Group
The group members collaborate with the Soro Yiriwaso microfinance institution in order to maintain their farming activities over the rainy season. This is their tenth loan with the institution and all their previous loans have been repaid in full.
Awa, pictured seated on the far left, grows maize. With her loan, she is planning to buy farm inputs and agricultural seed to cultivate one hectare. After harvest, the produce is sold at the village market to both men and women customers.
Awa is hoping to make 105 000 CFA francs per campaign. This money will help her to pay off the loan and help her husband with day-to-day 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 dixième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Mme AWA assise en première position de la gauche vers la droite.
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 105.000 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