Faida I Group
They collaborate with the Soro Yiriwaso micro finance institution in order to manage their farming businesses during the winter.
This is their third loan from the institution.
Rokia, who is sitting in the middle in the photo, cultivates gumbo.
With her loan, she plans to buy fertiliser and seeds and to pay for the costs of labouring 0.5 hectares.
She sells the production in the village and in Ouelessebougou after the harvest to her clientele of consumers and retailers.
She hopes to make a profit of 80.000FCFA per exploitation.
This profit will enable her to repay 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 troisième prêt avec l’institution.
La spéculation cultivée est le gombo avec ROKIA , assise au milieu 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 80.000FCFA 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