Sabaly Iii Group
They have joined the microfinance institution Soro Yiriwaso in order to better organize their farming activities at the beginning of the rainy season. They grow groundnut, millet, beans and okra and are on their sixth collaboration with the institution.
Madjougou (first from the left in the standing row) plans to use her loan to buy farm inputs and small tools, and to cover the cost of plowing to maintain about one hectare (2.47 acres) of land on which she grows groundnut, beans and okra.
After the harvest, Madjougou sells her crops in the town of Fana, to a customer base which consists of men and women.
She is expecting to make a profit of about 120,000 CFA francs during this growing season.
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 entre la culture de l’arachide, du mil, haricot et du gombo. Elles sont à leur sixième collaboration avec l’institution.
Avec ce prêt Madjougou la première personne à gauche des debout compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1 ha de mil, d’arachide de haricot et du gombo. 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 120 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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