The ten members of the group Horonya 1 are married women who live in traditional families. They average 49 years of age and 3 children each. They all live in the village of Kondia, region of Ségou (4th administrative region of Mali). They know one another as neighbors, through ties of marriage and kinship, and through the farming activities they practice during the rainy season. They grow groundnuts, millet and rice.
They joined the microfinance institution Soro Yiriwaso to buy small farming equipment and to stock up on inputs. This is the group’s 3rd loan cycle with the MFI.
Mrs. Alimata, sitting at the far left in the photo, plans to use her loan for plowing, to buy seeds and fertilizers, and to pay the young people who will be helping her with the weeding.
At the end of the rainy season, she will sell her crop for cash. This will allow her to repay her loan and to have some income to support her children and to help provide for the family.
Les dix femmes de Horonya 1 sont toutes mariées dans les familles traditionnelles. Elles ont en moyenne 49 ans et 3 enfants. Elles vivent toutes dans le village de Kondia dans la région de Ségou (4ème région administrative du Mali). Elles se sont connues à travers leurs activités agricoles hivernales, des liens de voisinage, de mariage et de parenté dans le village. Elles font la culture d’arachide, du mil et du riz. Dans le but de s’acheter de petits équipements, de s’approvisionner en intrants agricoles, les membres du groupe ont connu Soro Yiriwaso et sont à leur 3ème cycle du prêt de campagne.
Madame Alimata (1ère femme assise à gauche au bout dans la photo) compte utiliser son prêt pour labourer son champ, s’acheter des semences et d’engrais puis payer les jeunes pour sarcler son champ. La vente de ses produits agricoles se fait au comptant à la fin de l’hivernage pour payer son prêt et afin d’avoir de revenu pour prendre la charge des enfants, et une partie de celle de la famille.
Soro 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.