Fotemogoban I Group
They are collaborating with the micro-finance institution Soro Yiriwaso in order to better carry out their farming during the rainy season. They are on their second loan with the institution, and their previous loan was paid back correctly.
Maminata, seated second from the left in the photo, grows sweet peas. With her loan, she plans to buy farm inputs and seeds to maintain one hectare of land.
After the harvest, the crops are sold in the village and in Sikasso to men and women customers.
Maminata hopes to earn 75,000 francs CFA per harvest. These earnings will allow her to pay back her loan and also to help her husband in the everyday 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 deuxième prêt avec l’institution, le prêt passé à été bien remboursé.
La spéculation cultivée est le poids sucré avec MAMINATA assise en deuxième position de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants et de semences agricoles pour entretenir 1 hectare.
La production est vendue au niveau du village et à SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 75.000 francs CFA 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