They work with Kiva's partner, the MFI Soro Yiriwaso, in order to carry out their farming activities during the rainy season. They are seeking their fourth loan from the MFI. The previous loans were repaid without problems.
Sitan (second woman sitting in the photograph) is growing peanuts. With her loan, she intends to buy farm inputs and seeds, and pay for plowing to farm 2.5 hectares.
After the harvest, the production is sold in the village and in Kolondieba, to a clientele comprising both men and women.
She intends to turn a profit of XOF 145'500 (ca US$ 290) per planting, which will enable her to repay the loan, and also help her husband cover 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 quatrième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec SITAN 2ème assise sur la photo.
Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labour pour exploiter 2.5 hectares.
La production est vendue au niveau du village et à KOLONDIEBA après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 145.500FCFA 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