The ten members of the Fassokounawolo B group are all married women living in traditional families. On the average, they are 34 years old, with three children. They all live in the N’gara village in the Ségou region (the fourth administrative region of Mali). They know each other through their seasonal agricultural activities or as relatives or village neighbors. They grow peanuts, millet and rice. In order to buy small tools and stock up on agricultural inputs [fertilizers etc], the group members have reached out to Soro Yiriwaso and are now on third agricultural loan cycle.
Mrs. Rokia (the first one seated on the left in the photo) plans to use her loan to pay for the cost of labor on her field as well as seeds and fertilizers and also the cost of weeding, done by young people. At the end of the rainy season, she will sell her produce to repay her loan, with the remaining revenue to be used for her children’s and her family’s needs.
Les dix femmes de Fassokounawolo B sont toutes mariées dans des familles traditionnelles. Elles ont en moyenne 34 ans et 3enfants. Elles vivent toutes dans le village de N’gara 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 equipements, 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 Rokia (1ère femme assise à gauche 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.