Kondiougou 6 Group
They are working with the micro-finance institution Soro Yiriwaso in order to better carry out their small-scale farming activities during the end of this rainy season. This is their first loan with the institution.
Noukiatou Oumar, a member of the group, essentially grows onions. In the photo, she is in the standing row, fifth from the left. She plans to use her loan to buy seeds and fertilizers.
After the harvest, she sells her crops in her village, in Ondougou and Bandiagara, to a customer base which consists of men and women.
Noukiatou Oumar is expecting to make a profit of 24,000 CFA francs at the end of the farming season. With this profit, she will be able to help her husband with the family expenses: food, health and schooling costs. The rest will be reinvested in farming.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités maraîchères en cette fin d’hivernage.
Elles sont à leur premier prêt avec l’institution.
La spéculation cultivée est essentiellement l’oignon avec Mme Noukiatou Oumar debout en cinquième position de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter de la semence et des engrais. La production est vendue au niveau du village, de Ondougou et de Bandiagara, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 24.000 Francs CFA en fin de campagne. Ce bénéfice lui permettra d’aider son mari dans les dépenses familiales: nourriture, scolarisation des enfants et la santé et réinvestir le reste dans les activités.
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