Kotognotala I Group
They collaborate with the microfinance institution Soro Yiriwaso with the goal of better organizing their activities at the start of the rainy season. The crops they cultivate are peanuts, millet and sesame. They are on their fourth loan with the institution.
With this loan, Mama, the person in the middle of the seated row, intends to buy farm inputs, tools, and pay the fees for plowing etc. to maintain around a hectare of millet and peanuts. Her produce is sold in the town of Fana, after the harvest, to a clientele composed of men and women. She expects to make a profit of 125,000 F CFA, more or less, per growing season.
Elles collaborent avec l’institution de micro finance Soro yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont culture de l’arachide, du mil et du sésame. Elles sont à leur quatrième collaboration avec l’institution.
Avec ce prêt, Mama la personne au milieu dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1 ha de mil et d’arachide
Les productions sont vendues au niveau de la ville de Fana, après les récoltes à une clientèle composée d’hommes et de femmes. Elle envisage réaliser un bénéfice de 125 000F CFA environs par campagne.
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