Sabougnouma 1 Group
To ensure agricultural inputs are available at the beginning of the rainy season, they turned to Soro Yiriwaso and are in their third seasonal loan cycle. The group will grow rice and groundnuts.
Mrs. Korotoumou (the woman standing in third position from right to left in the photo) has a great reputation in the village for her high groundnut productivity.
She plans to use the loan to buy two bags of urea, four liters of herbicide, and use male labor to do the plowing. She resupplies agricultural inputs in Siby.
With an area of 2.5 ha (6.2 acres), she hopes to harvest 60 bags of peanuts and 5 bags of rice. Part of the production is sold to ensure household daily needs and the rest is used for family consumption.
Madame Korotoumou (femme debout en 3ème position de la droite vers la gauche sur la photo) a une grande réputation dans le village pour sa grande productivité d’arachide. Elle compte utiliser son prêt pour acheter 2 sacs d’urée, 4 litres d’herbicide et utiliser la main d’œuvre masculine pour effectuer le labour. Elle se ravitaille en intrants agricoles à Siby. Avec une superficie de 2,50ha, elle espère récolter 60 sacs d’arachide et 5 sacs de riz. Une partie de la production serait vendue pour assurer les besoins du foyer en au quotidien et le reste serait auto consommé en famille.
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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