They collaborate with the microfinance institution Soro Yiriwaso in order to manage their farming businesses well during winter.
They are on their third loans with the institution and the other past loans were well reimbursed.
The speculation cultivated is rice with Bintou standing in the middle in the photo.
With her loan she plans to buy inputs, seeds and pay for the labor expenses to maintain 0.5 hectares.
The production is sold in her village and in Sikasso after harvesting. She sells to a clientele consisting of men and women.
She plans to make a profit of 160,000 FCFA per field.
This profit will allow her to pay for her loan and also to help her large family with the 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 leurs troisièmes prêts avec l’institution et les autres prêts passés ont été bien remboursés.
La spéculation cultivée est le riz avec BINTOU debout au milieu sur la photo.
Elle compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 0,5 hectare.
La production est vendue au niveau du village et à SIKASSO après la récolte elle vend à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 160.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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