Kondiougou 8 Group
They are working with the microfinance institution Soro Yiriwaso in order to see their farming activities through the end of the rainy season. This is their first loan with the institution.
They are primarily growing onions with Madame Salmatou Amadou standing at the far left in the photo. With her loan, she would like to buy seeds and fertilizer. They sell their crops after the harvest in the villages of Ondougou and Bandiagara to a clientele composed of men and women.
She would like to earn a profit of 24,000 FCFA by the end of the farming season. This profit will allow her to help her husband with the family expenses: food, schooling for their children, and health. She will reinvest the rest in her business.
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 Salimatou Amadou debout en première 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