Djekabara Ii Group
They collaborate with the Soro Yiriwaso micro finance organisation in order to manage their farming businesses during the winter.
They are on their eighth loan with the institution, repaid.
Fatoumata who is the first standing from left to right in the photo, cultivates groundnuts.
With her loan she plans to buy seeds and fertiliser and to pay for labouring costs for 0.5 hectares.
After the harvest she sells her production in the village and in Ouelessebougou, to her clientele of consumers and retailers.
She plans to make a profit of 40.000FCFA per exploitation.
This profit will enable her to pay back her loan and help her husband with their 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 huitième prêt avec l’institution, remboursés.
La spéculation cultivée est l’arachide avec FATOUMATA , 1 ère debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences et payer les frais de labour pour entretenir 0,5 hectare.
La production est vendue au niveau du village et à OUELESSEBOUGOU, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice de 40.000FCFA 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