The members of the group work growing millet, and one of its members is Ba Oumou, who is pictured standing second from the right in the photo. With her loan, she plans to buy agricultural inputs and seeds and to pay labor expenses to farm her two hectares of land. After harvest her produce is sold in the village and elsewhere in Fakola, and her customers are both male and female.
Ba Oumou hopes to make an average profit of 145,500 francs CFA per season. This profit will allow her to repay her loan, as well as to help her husband with the daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur troisième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le mil avec BA OUMOU 2ème debout à droite sur la photo.
Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour exploiter 2hectares.
La production est vendue au niveau du village, à FAKOLA après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 145.500FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari 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