Sabaly I Group
They are working with the microfinance institution Soro Yiriwaso to better organize their agricultural activities during the rainy season. The crops they grow are peanuts, millet, and okra. The group is on their sixth loan with the institution.
Yiridie is shown standing in the center of the photo. With her loan, she intends to buy agricultural inputs, small equipment, and pay for the labor needed to maintain approximately half a hectare of millet and peanuts. After the harvest, her produce is sold at the town of Fana to a clientele composed of men and women. She hopes to earn an income of 45,000 Francs CFA during this agricultural cycle.
Elles collaborent avec l’institution de micro finance Soro yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont la culture de l’arachide, du mil et du gombo. Elles sont à leur sixième collaboration avec l’institution.
Avec ce prêt Yiridie la personne au milieu des debout compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0.5 ha de mil et d’arachide
Les productions sont vendues au niveau de la ville de Fana après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice de 45.000F CFA environs pendant cette campagne.
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