Dialabaton I Group
They work with Kiva's partner, the MFI Soro Yiriwaso, in order to better organize their activities at the start of the rainy season. The crops they grow are peanuts, millet, and beans. They are seeking their seventh loan from the MFI.
With this loan, Sitan (first woman on the left in the sitting row) intends to buy farm inputs, small tools, and pay for plowing to maintain approximately one hectare of millet and peanuts.
After the harvests, the production is sold in the town of Fana, to a clientele comprising both men and women. She hopes to turn an average profit of XOF 95'000 (ca US$ 190) per planting.
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 l’arachide, du mil et du haricot. Elles sont à leur septième collaboration avec l’institution.
Avec ce prêt, Sitan la première personne à gauche 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 espère réaliser un bénéfice moyen de 95 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