Noupagagnon I Group
They collaborate with the microfinance institution Soro Yiriwaso so as to succeed in their agricultural activities during the rainy season. They are on their second loan with the institution, and the prior loan was correctly reimbursed.
Nafanga, first person seated from right to left, grows maize. He intends to use his loan to buy farm inputs, seeds, and pay for plowing to maintain one hectare. His produce is sold right in the village and at the market of Sikasso, after the harvest, to a clientele composed of men and women. He expects to make an average profit of 150,000 F CFA per season. This profit will allow him to repay the loan and also help to support the extended family.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur deuxième prêt avec l’institution et le prêt passé à été bien remboursé.
La spéculation cultivée est le maïs avec NAFANGA assise en première position de la droite vers la gauche, il compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes. Il compte réaliser un bénéfice moyen de 150.000 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