Kafoulaha Ii Group
Salifou, shown second from the left in the photo, grows crops of corn. With his loan, he intends to purchase the fertilizer required to maintain two hectares of crops. The produce is sold in the village and at the markets in Farakala and Sikasso to a clientele composed primarily of men.
Salifou hopes to earn an income of 400,000 Francs CFA during this agricultural season. This income will allow him to repay his loan and also to help the extended family with the daily expenses.
Ils collaborent avec l’institution de micro finance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont a leur cinquième prêt de campagne agricole avec l’institution et tous les prêts précédents ont été correctement remboursés.
La spéculation cultivée est le maïs, pour SALIFOU 2ème personne à gauche de la la photo, avec son prêt, il compte acheter des engrais pour entretenir 2 hectares.
La production est vendue au niveau du village, au marché de Farakala et de Sikasso après la récolte à une clientèle composée essentiellement des hommes.
Il compte réaliser un bénéfice de 400.000FCFA en fin de 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